Looking to balance out your exposure to CIB? The ETFs below have historically moved differently from CIB, 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 CIB
7 ETFs have low correlation with CIB (below 0.3), 2 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of -0.05, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | -0.05 | 0.17 | 0.29 | 55 | MLPs | CIB vs AMLP | |
| iShares 0-5 Year TIPS Bond ETF | -0.00 | 0.08 | 0.14 | 84 | Inflation-Protected Bonds | CIB vs STIP | |
| iShares Global Energy ETF | 0.03 | 0.20 | 0.31 | 66 | Energy Equities | CIB vs IXC | |
| Invesco S&P 500 Equal Weight ETF | 0.22 | 0.29 | 0.34 | 72 | S&P 500, Equal Weight | CIB vs RSP | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.32 | 0.34 | 71 | S&P 500 | CIB vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CIB, 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 Aflac Incorporated (AFL) (Financial Services) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aflac Incorporated | -0.12 | 0.05 | 0.19 | 87 | Financial Services | |
| Altria Group, Inc. | -0.11 | -0.00 | 0.07 | 63 | Consumer Defensive | |
| Atmos Energy Corporation | -0.09 | 0.02 | 0.10 | 64 | Utilities | |
| The Travelers Companies, Inc. | -0.09 | 0.03 | 0.13 | 94 | Financial Services | |
| Enterprise Products Partners L.P. | -0.09 | 0.12 | 0.23 | 86 | Energy |
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