Looking to balance out your exposure to CHRD? The ETFs below have the lowest correlation with CHRD — they tend to move on their own, which can help reduce risk when CHRD drops. The stock ideas table highlights individual companies that behave independently from CHRD.
Best Diversifiers for CHRD
7 ETFs have low correlation with CHRD (below 0.3), 6 of which are negatively correlated. The least correlated is Vanguard FTSE All-World ex-US ETF (VEU) (Foreign Large Cap Equities) with a 1Y correlation of -0.18, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE All-World ex-US ETF | -0.18 | 0.09 | 0.25 | 58 | Foreign Large Cap Equities | CHRD vs VEU | |
| Invesco QQQ ETF | -0.17 | 0.04 | 0.17 | 53 | Nasdaq-100 | CHRD vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.15 | 0.11 | 0.26 | 65 | S&P 500 | CHRD vs SPY | |
| Vanguard S&P 500 ETF | -0.14 | 0.11 | 0.26 | 66 | S&P 500 | CHRD vs VOO | |
| Vanguard Information Technology ETF | -0.10 | 0.08 | 0.19 | 50 | Technology Equities | CHRD vs VGT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHRD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHRD and solid risk/return profiles. The least correlated is Toll Brothers, Inc. (TOL) (Consumer Cyclical) with a 1Y correlation of -0.18, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Toll Brothers, Inc. | -0.18 | 0.09 | 0.18 | 73 | Consumer Cyclical | |
| Tenet Healthcare Corporation | -0.17 | 0.05 | 0.15 | 56 | Healthcare | |
| Roivant Sciences Ltd. | -0.14 | 0.10 | 0.10 | 99 | Healthcare | |
| Ford Motor Company | -0.14 | 0.17 | 0.27 | 71 | Consumer Cyclical | |
| General Motors Company | -0.12 | 0.17 | 0.26 | 83 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CHRD
Add CHRD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CHRD