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.
Best Diversifiers for CHSCO
1 ETFs have low correlation with CHSCO (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS ETRACS Silver Shares Covered Call ETN | 0.02 | — | — | 66 | Silver, Derivative Income, Precious Metals | CHSCO vs SLVO |
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 Corteva, Inc. (CTVA) (Basic Materials) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corteva, Inc. | -0.01 | 0.10 | 0.11 | 51 | Basic Materials |
Build a portfolio that complements CHSCO
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