Looking to balance out your exposure to CICHY? The ETFs below have the lowest correlation with CICHY — they tend to move on their own, which can help reduce risk when CICHY drops. The stock ideas table highlights individual companies that behave independently from CICHY.
Best Diversifiers for CICHY
2 ETFs have low correlation with CICHY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.26 | 0.26 | 70 | S&P 500 | CICHY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.26 | 0.26 | 70 | S&P 500 | CICHY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CICHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CICHY and solid risk/return profiles. The least correlated is The Toronto-Dominion Bank (TD) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Toronto-Dominion Bank | 0.15 | 0.22 | 0.24 | 97 | Financial Services | |
| UniCredit SpA ADR | 0.17 | 0.26 | 0.24 | 68 | Financial Services | |
| HSBC Holdings plc | 0.29 | 0.37 | 0.36 | 90 | Financial Services |
Build a portfolio that complements CICHY
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