Looking to balance out your exposure to CHSCL? The ETFs below have historically moved differently from CHSCL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Variable Rate Investment Grade ETF | -0.01 | -0.01 | 0.03 | 99 | Ultrashort Bond, Investment Grade Bonds | CHSCL vs VRIG | |
| Janus Henderson AAA CLO ETF | 0.10 | 0.11 | 0.03 | 99 | CLO | CHSCL vs JAAA | |
| Vanguard Tax-Exempt Bond ETF | 0.11 | 0.21 | 0.18 | 74 | Municipal Bonds | CHSCL vs VTEB | |
| iShares Floating Rate Bond ETF | 0.12 | 0.12 | 0.12 | 99 | Ultrashort Bond, Corporate Bonds | CHSCL vs FLOT | |
| Vanguard Ultra-Short Bond ETF | 0.14 | 0.16 | 0.14 | 99 | Ultrashort Bond | CHSCL vs VUSB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHSCL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cencora Inc. (COR) (Healthcare) with a 1Y correlation of -0.09, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cencora Inc. | -0.09 | 0.01 | 0.05 | 53 | Healthcare | |
| Philip Morris International Inc. | -0.08 | 0.08 | 0.10 | 66 | Consumer Defensive | |
| TotalEnergies SE | -0.06 | 0.02 | 0.05 | 91 | Energy | |
| AbbVie Inc. | -0.06 | 0.10 | 0.08 | 81 | Healthcare | |
| Tenet Healthcare Corporation | -0.05 | 0.10 | 0.16 | 80 | Healthcare |
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