Looking to balance out your exposure to CHYM? The ETFs below have historically moved differently from CHYM, 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 CHYM
1 ETFs have low correlation with CHYM (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Infrastructure ETF | 0.25 | — | — | 65 | Infrastructure Equities, Industrials Equities | CHYM vs IFRA |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHYM, 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 NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.03, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.03 | 0.01 | 0.01 | 77 | Utilities | |
| Ciena Corporation | 0.13 | — | — | 97 | Technology | |
| Broadcom Inc. | 0.26 | — | — | 67 | Technology | |
| Ally Financial Inc. | 0.46 | — | — | 63 | Financial Services |
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