Looking to balance out your exposure to CHYM? The ETFs below have the lowest correlation with CHYM — they tend to move on their own, which can help reduce risk when CHYM drops. The stock ideas table highlights individual companies that behave independently from CHYM.
Best Diversifiers for CHYM
1 ETFs have low correlation with CHYM (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Infrastructure ETF | 0.27 | — | — | 64 | Industrials Equities | CHYM vs IFRA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHYM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHYM and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.04 | — | — | 73 | Utilities | |
| Ciena Corporation | 0.16 | — | — | 99 | Technology | |
| Broadcom Inc. | 0.27 | — | — | 71 | Technology | |
| Ally Financial Inc. | 0.44 | — | — | 60 | Financial Services | |
| Robinhood Markets, Inc. | 0.50 | — | — | 52 | Financial Services |
See all 6 low-correlation stocks for CHYM
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Diversification Analysis
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