Looking to balance out your exposure to CHT? The ETFs below have the lowest correlation with CHT — they tend to move on their own, which can help reduce risk when CHT drops. The stock ideas table highlights individual companies that behave independently from CHT.
Best Diversifiers for CHT
3 ETFs have low correlation with CHT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.09, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.09 | 0.17 | 0.23 | 53 | Nasdaq-100 | CHT vs QQQ | |
| Vanguard S&P 500 ETF | 0.17 | 0.24 | 0.28 | 66 | S&P 500 | CHT vs VOO | |
| State Street Health Care Select Sector SPDR ETF | 0.18 | 0.22 | 0.24 | 50 | Health & Biotech Equities | CHT vs XLV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHT and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.04 | 0.13 | 0.17 | 53 | Financial Services | |
| Spire Inc. | 0.08 | 0.13 | 0.15 | 60 | Utilities | |
| Canadian Utilities Limited | 0.08 | 0.13 | 0.14 | 96 | Utilities | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.09 | 0.15 | 0.21 | 89 | Technology | |
| Fortis Inc | 0.17 | 0.26 | 0.26 | 91 | Utilities |
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