Looking to balance out your exposure to CHTR? The ETFs below have the lowest correlation with CHTR — they tend to move on their own, which can help reduce risk when CHTR drops. The stock ideas table highlights individual companies that behave independently from CHTR.
Best Diversifiers for CHTR
6 ETFs have low correlation with CHTR (below 0.3), 2 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.06 | 0.07 | 0.21 | 96 | Semiconductors, Technology Equities | CHTR vs SMH | |
| iShares Semiconductor ETF | -0.01 | 0.10 | 0.23 | 97 | Semiconductors, Technology Equities | CHTR vs SOXX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.03 | -0.00 | 0.01 | 100 | Government Bonds, Ultrashort Bond | CHTR vs BIL | |
| Vanguard FTSE Emerging Markets ETF | 0.10 | 0.16 | 0.23 | 56 | Emerging Markets Equities | CHTR vs VWO | |
| Vanguard S&P 500 ETF | 0.14 | 0.27 | 0.37 | 70 | S&P 500 | CHTR vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHTR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.16, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.16 | -0.01 | 0.15 | 78 | Technology | |
| KLA Corporation | -0.09 | 0.06 | 0.18 | 95 | Technology | |
| Advanced Micro Devices, Inc. | -0.04 | 0.05 | 0.15 | 98 | Technology | |
| Arista Networks, Inc. | -0.02 | 0.08 | 0.17 | 79 | Technology | |
| Alphabet Inc. Class A | -0.02 | 0.12 | 0.23 | 96 | Communication Services |
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