Looking to balance out your exposure to CIM? The ETFs below have historically moved differently from CIM, 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 CIM
2 ETFs have low correlation with CIM (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.08, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.13 | 0.25 | 69 | Energy Equities | CIM vs XLE | |
| Vanguard Information Technology ETF | 0.19 | 0.28 | 0.40 | 58 | Technology Equities | CIM vs VGT | |
| Franklin International Low Volatility High Dividen... | 0.31 | 0.40 | 0.45 | 96 | Dividend, Low Volatility | CIM vs LVHI | |
| Industrial Select Sector SPDR Fund | 0.36 | 0.42 | 0.50 | 53 | Industrials Equities | CIM vs XLI | |
| Vanguard S&P 500 ETF | 0.37 | 0.42 | 0.52 | 72 | S&P 500 | CIM vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CIM, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.07 | 0.19 | 85 | Energy | |
| Chevron Corporation | -0.12 | 0.10 | 0.22 | 76 | Energy | |
| Energy Transfer LP | -0.04 | 0.17 | 0.27 | 82 | Energy | |
| Halliburton Company | 0.01 | 0.15 | 0.25 | 80 | Energy | |
| Cisco Systems, Inc. | 0.05 | 0.21 | 0.33 | 94 | Technology |
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