Looking to balance out your exposure to CICOY? The ETFs below have the lowest correlation with CICOY — they tend to move on their own, which can help reduce risk when CICOY drops. The stock ideas table highlights individual companies that behave independently from CICOY.
Best Diversifiers for CICOY
2 ETFs have low correlation with CICOY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.06 | 0.09 | 0.16 | 73 | Nasdaq-100 | CICOY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.08 | 0.09 | 0.15 | 70 | S&P 500 | CICOY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CICOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CICOY and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.03 | 0.04 | 63 | Consumer Defensive | |
| Dell Technologies Inc. | -0.02 | 0.05 | 0.08 | 96 | Technology | |
| Palo Alto Networks, Inc. | -0.01 | 0.00 | 0.06 | 67 | Technology | |
| AppLovin Corporation | -0.00 | 0.06 | 0.12 | 59 | Technology | |
| EMCOR Group, Inc. | 0.04 | 0.02 | 0.03 | 83 | Industrials |
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