Looking to balance out your exposure to CM? The ETFs below have the lowest correlation with CM — they tend to move on their own, which can help reduce risk when CM drops. The stock ideas table highlights individual companies that behave independently from CM.
Best Diversifiers for CM
3 ETFs have low correlation with CM (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.26 | 0.27 | — | 56 | Derivative Income, Options Trading | CM vs NVDY | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.41 | 0.54 | 85 | Dividend | CM vs SCHD | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.28 | 0.23 | 0.20 | 92 | Corporate Bonds | CM vs SPSB | |
| Vanguard Small-Cap ETF | 0.52 | 0.58 | 0.62 | 60 | Small Cap Blend Equities | CM vs VB | |
| Vanguard FTSE Developed Markets ETF | 0.53 | 0.58 | 0.64 | 61 | Foreign Large Cap Equities | CM vs VEA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CM and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.15 | 0.08 | 0.27 | 84 | Energy | |
| Exxon Mobil Corporation | -0.14 | 0.05 | 0.24 | 86 | Energy | |
| TotalEnergies SE | -0.12 | 0.09 | 0.19 | 91 | Energy | |
| Equinor ASA | -0.11 | 0.09 | 0.21 | 83 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.07 | 0.14 | 0.24 | 72 | Energy |
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