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
2 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 0.14, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.14 | 0.19 | 0.24 | 73 | Nasdaq-100 | CHT vs QQQ | |
| Vanguard S&P 500 ETF | 0.20 | 0.24 | 0.28 | 70 | S&P 500 | CHT vs VOO |
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 Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | 0.05 | 0.14 | 0.14 | 90 | Utilities | |
| Spire Inc. | 0.10 | 0.14 | 0.17 | 58 | Utilities | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.12 | 0.16 | 0.21 | 95 | Technology | |
| Fortis Inc | 0.15 | 0.26 | 0.26 | 76 | Utilities | |
| Vodafone Group Plc | 0.29 | 0.32 | 0.30 | 88 | Communication Services |
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