Looking to balance out your exposure to CIG? The ETFs below have the lowest correlation with CIG — they tend to move on their own, which can help reduce risk when CIG drops. The stock ideas table highlights individual companies that behave independently from CIG.
Best Diversifiers for CIG
2 ETFs have low correlation with CIG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.20 | 0.18 | 0.19 | 83 | Technology Equities | CIG vs XLK | |
| SPDR Blackstone Senior Loan ETF | 0.25 | 0.21 | 0.23 | 52 | High Yield Bonds | CIG vs SRLN | |
| SPDR Barclays High Yield Bond ETF | 0.31 | 0.32 | 0.30 | 60 | High Yield Bonds | CIG vs JNK | |
| Vanguard S&P 500 ETF | 0.34 | 0.27 | 0.26 | 70 | S&P 500 | CIG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.27 | 0.26 | 70 | S&P 500 | CIG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CIG and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.05 | 0.01 | 0.04 | 72 | Healthcare | |
| Chevron Corporation | -0.01 | 0.05 | 0.13 | 83 | Energy | |
| Walmart Inc. | 0.08 | 0.07 | 0.06 | 63 | Consumer Defensive | |
| Duke Energy Corporation | 0.12 | 0.19 | 0.17 | 53 | Utilities | |
| General Motors Company | 0.13 | 0.15 | 0.18 | 87 | Consumer Cyclical |
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