Looking to balance out your exposure to CHTR? The ETFs below have historically moved differently from CHTR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CHTR
11 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 -0.14, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.14 | 0.03 | 0.18 | 88 | Semiconductors, Technology Equities | CHTR vs SMH | |
| iShares Semiconductor ETF | -0.11 | 0.05 | 0.19 | 90 | Semiconductors, Technology Equities | CHTR vs SOXX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | 0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | CHTR vs BIL | |
| Vanguard FTSE Emerging Markets ETF | 0.03 | 0.14 | 0.22 | 52 | Emerging Markets Equities | CHTR vs VWO | |
| Vanguard S&P 500 ETF | 0.06 | 0.25 | 0.35 | 78 | S&P 500 | CHTR vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHTR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.20 | -0.05 | 0.10 | 99 | Technology | |
| NVIDIA Corporation | -0.18 | -0.03 | 0.13 | 61 | Technology | |
| Applied Materials, Inc. | -0.16 | 0.03 | 0.15 | 95 | Technology | |
| KLA Corporation | -0.14 | 0.02 | 0.15 | 86 | Technology | |
| Broadcom Inc. | -0.14 | 0.01 | 0.14 | 68 | Technology |
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