Looking to balance out your exposure to CIM? The ETFs below have the lowest correlation with CIM — they tend to move on their own, which can help reduce risk when CIM drops. The stock ideas table highlights individual companies that behave independently from CIM.
Best Diversifiers for CIM
2 ETFs have low correlation with CIM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.01, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.18 | 0.28 | 63 | Energy Equities | CIM vs XLE | |
| Vanguard Information Technology ETF | 0.21 | 0.29 | 0.40 | 76 | Technology Equities | CIM vs VGT | |
| Franklin International Low Volatility High Dividen... | 0.37 | 0.42 | 0.46 | 89 | Volatility Hedged Equity, Dividend | CIM vs LVHI | |
| Vanguard S&P 500 ETF | 0.38 | 0.43 | 0.52 | 70 | S&P 500 | CIM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.43 | 0.52 | 70 | S&P 500 | CIM vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CIM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CIM and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.03 | 0.11 | 0.23 | 85 | Energy | |
| Chevron Corporation | -0.00 | 0.15 | 0.26 | 83 | Energy | |
| NVIDIA Corporation | 0.03 | 0.12 | 0.25 | 78 | Technology | |
| Energy Transfer LP | 0.04 | 0.20 | 0.30 | 69 | Energy | |
| Altria Group, Inc. | 0.06 | 0.19 | 0.23 | 69 | Consumer Defensive |
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