Looking to balance out your exposure to CHRW? The ETFs below have the lowest correlation with CHRW — they tend to move on their own, which can help reduce risk when CHRW drops. The stock ideas table highlights individual companies that behave independently from CHRW.
Best Diversifiers for CHRW
8 ETFs have low correlation with CHRW (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Austria ETF (EWO) (Europe Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Austria ETF | 0.19 | 0.24 | 0.28 | 83 | Europe Equities | CHRW vs EWO | |
| Vanguard Information Technology ETF | 0.23 | 0.23 | 0.32 | 50 | Technology Equities | CHRW vs VGT | |
| Invesco QQQ ETF | 0.24 | 0.24 | 0.32 | 53 | Nasdaq-100 | CHRW vs QQQ | |
| First Trust Developed Markets ex-US AlphaDEX Fund | 0.25 | 0.26 | 0.31 | 65 | Foreign Large Cap Equities | CHRW vs FDT | |
| Vanguard International High Dividend Yield ETF | 0.26 | 0.30 | 0.33 | 84 | Dividend, Foreign Large Cap Equities | CHRW vs VYMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHRW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHRW and solid risk/return profiles. The least correlated is Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.22 | 0.03 | 0.12 | 52 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.15 | 0.05 | 0.13 | 70 | Utilities | |
| The Coca-Cola Company | -0.06 | 0.12 | 0.20 | 84 | Consumer Defensive | |
| Atmos Energy Corporation | -0.06 | 0.12 | 0.21 | 73 | Utilities | |
| Waste Management, Inc. | -0.04 | 0.10 | 0.19 | 56 | Industrials |
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