Looking to balance out your exposure to CHSCP? The ETFs below have the lowest correlation with CHSCP — they tend to move on their own, which can help reduce risk when CHSCP drops. The stock ideas table highlights individual companies that behave independently from CHSCP.
Best Diversifiers for CHSCP
1 ETFs have low correlation with CHSCP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.09 | 0.09 | 0.13 | 74 | S&P 500 | CHSCP vs VOO |
Diversification Analysis
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