Looking to balance out your exposure to CHSCO? The ETFs below have the lowest correlation with CHSCO — they tend to move on their own, which can help reduce risk when CHSCO drops. The stock ideas table highlights individual companies that behave independently from CHSCO.
No Diversifiers Found for CHSCO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHSCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHSCO and solid risk/return profiles. The least correlated is Xcel Energy Inc. (XEL) (Utilities) 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 |
|---|---|---|---|---|---|---|
| Xcel Energy Inc. | -0.07 | 0.06 | 0.12 | 78 | Utilities | |
| C.H. Robinson Worldwide, Inc. | -0.05 | 0.05 | 0.11 | 92 | Industrials | |
| Ecolab Inc. | -0.02 | 0.16 | 0.19 | 50 | Basic Materials | |
| Corteva, Inc. | -0.01 | 0.09 | 0.10 | 57 | Basic Materials | |
| UnitedHealth Group Incorporated | 0.01 | -0.01 | 0.04 | 71 | Healthcare |
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