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
2 ETFs have low correlation with CM (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Portfolio Short Term Corporate Bond ETF (SPSB) (Corporate Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio Short Term Corporate Bond ETF | 0.24 | 0.22 | 0.20 | 94 | Corporate Bonds | CM vs SPSB | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.39 | 0.53 | 91 | Dividend | CM vs SCHD | |
| iShares MSCI Taiwan ETF | 0.37 | 0.42 | 0.47 | 92 | Taiwan Equities, Asia Pacific Equities | CM vs EWT | |
| Invesco QQQ ETF | 0.42 | 0.43 | 0.47 | 53 | Nasdaq-100 | CM vs QQQ | |
| Vanguard Small-Cap ETF | 0.50 | 0.57 | 0.61 | 62 | Small Cap Blend Equities | CM vs VB |
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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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.12 | 0.06 | 0.19 | 77 | Energy | |
| Chevron Corporation | -0.11 | 0.05 | 0.22 | 74 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.08 | 0.12 | 0.23 | 70 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.04 | 0.20 | 78 | Energy | |
| Philip Morris International Inc. | -0.03 | 0.14 | 0.24 | 52 | Consumer Defensive |
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