Looking to balance out your exposure to CI? The ETFs below have the lowest correlation with CI — they tend to move on their own, which can help reduce risk when CI drops. The stock ideas table highlights individual companies that behave independently from CI.
Best Diversifiers for CI
25 ETFs have low correlation with CI (below 0.3), 7 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.08, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.08 | -0.03 | 0.07 | 66 | Oil & Gas | CI vs USO | |
| Sprott Physical Silver Trust | -0.08 | -0.04 | 0.03 | 79 | Silver, Precious Metals | CI vs PSLV | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.03 | -0.01 | 0.10 | 97 | Leveraged Equities, Semiconductors | CI vs SOXL | |
| Franklin FTSE Taiwan ETF | -0.02 | 0.00 | 0.12 | 96 | Asia Pacific Equities | CI vs FLTW | |
| Invesco QQQ ETF | -0.02 | 0.00 | 0.14 | 73 | Nasdaq-100 | CI vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CI and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.16 | -0.11 | 0.04 | 84 | Technology | |
| Celestica Inc. | -0.15 | -0.11 | 0.03 | 94 | Technology | |
| Advanced Micro Devices, Inc. | -0.11 | -0.04 | 0.04 | 98 | Technology | |
| nVent Electric plc | -0.10 | -0.01 | 0.16 | 97 | Industrials | |
| CrowdStrike Holdings, Inc. | -0.09 | -0.04 | 0.02 | 70 | Technology |
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