Looking to balance out your exposure to CHSCL? The ETFs below have the lowest correlation with CHSCL — they tend to move on their own, which can help reduce risk when CHSCL drops. The stock ideas table highlights individual companies that behave independently from CHSCL.
Best Diversifiers for CHSCL
7 ETFs have low correlation with CHSCL (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Variable Rate Investment Grade ETF (VRIG) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Variable Rate Investment Grade ETF | -0.05 | -0.01 | 0.03 | 99 | Ultrashort Bond | CHSCL vs VRIG | |
| iShares Floating Rate Bond ETF | 0.10 | 0.13 | 0.12 | 98 | Corporate Bonds | CHSCL vs FLOT | |
| Vanguard Tax-Exempt Bond ETF | 0.11 | 0.22 | 0.18 | 72 | Municipal Bonds | CHSCL vs VTEB | |
| Vanguard Ultra-Short Bond ETF | 0.14 | 0.17 | 0.14 | 98 | Ultrashort Bond | CHSCL vs VUSB | |
| Janus Henderson AAA CLO ETF | 0.14 | 0.10 | 0.03 | 98 | CLO | CHSCL vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHSCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHSCL and solid risk/return profiles. The least correlated is Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | -0.07 | 0.07 | 0.12 | 95 | Technology | |
| TotalEnergies SE | 0.01 | 0.03 | 0.07 | 90 | Energy | |
| Linde plc | 0.03 | 0.14 | 0.18 | 52 | Basic Materials | |
| Verizon Communications Inc. | 0.05 | 0.09 | 0.08 | 59 | Communication Services | |
| UnitedHealth Group Incorporated | 0.06 | 0.02 | 0.04 | 61 | Healthcare |
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