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 -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Variable Rate Investment Grade ETF | -0.01 | -0.02 | 0.02 | 99 | Ultrashort Bond | CHSCL vs VRIG | |
| iShares Floating Rate Bond ETF | 0.07 | 0.12 | 0.11 | 98 | Ultrashort Bond, Corporate Bonds | CHSCL vs FLOT | |
| Vanguard Tax-Exempt Bond ETF | 0.12 | 0.22 | 0.18 | 72 | Municipal Bonds | CHSCL vs VTEB | |
| VanEck IG Floating Rate ETF | 0.15 | 0.04 | 0.05 | 99 | Corporate Bonds, Ultrashort Bond | CHSCL vs FLTR | |
| Janus Henderson AAA CLO ETF | 0.15 | 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 The J. M. Smucker Company (SJM) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The J. M. Smucker Company | -0.04 | 0.05 | 0.04 | 61 | Consumer Defensive | |
| Cisco Systems, Inc. | -0.04 | 0.08 | 0.12 | 93 | Technology | |
| TotalEnergies SE | -0.02 | 0.03 | 0.07 | 79 | Energy | |
| Linde plc | 0.02 | 0.15 | 0.17 | 60 | Basic Materials | |
| Lockheed Martin Corporation | 0.04 | 0.06 | 0.03 | 51 | Industrials |
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