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
6 ETFs have low correlation with CHRW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.20, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.20 | 0.22 | 0.32 | 58 | Technology Equities | CHRW vs VGT | |
| iShares MSCI Austria ETF | 0.21 | 0.25 | 0.28 | 83 | Europe Equities | CHRW vs EWO | |
| First Trust Developed Markets ex-US AlphaDEX Fund | 0.28 | 0.27 | 0.32 | 73 | Foreign Large Cap Equities | CHRW vs FDT | |
| Vanguard International High Dividend Yield ETF | 0.29 | 0.31 | 0.34 | 70 | Dividend, Foreign Large Cap Equities | CHRW vs VYMI | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.32 | 0.41 | 59 | S&P 500 | CHRW vs SPY |
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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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.12 | 0.07 | 0.14 | 61 | Utilities | |
| Cboe Global Markets, Inc. | -0.03 | -0.08 | 0.04 | 55 | Financial Services | |
| Kinder Morgan, Inc. | -0.03 | 0.17 | 0.28 | 72 | Energy | |
| The Williams Companies, Inc. | -0.03 | 0.13 | 0.24 | 75 | Energy | |
| The Coca-Cola Company | -0.02 | 0.12 | 0.21 | 74 | Consumer Defensive |
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Build a portfolio that complements CHRW
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