Looking to balance out your exposure to CMA? The ETFs below have historically moved differently from CMA, 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 CMA
2 ETFs have low correlation with CMA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.22, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.22 | 0.44 | 0.53 | 67 | S&P 500 | CMA vs SPY | |
| Vanguard S&P 500 ETF | 0.22 | 0.44 | 0.52 | 68 | S&P 500 | CMA vs VOO | |
| SPDR S&P Regional Banking ETF | 0.49 | 0.75 | 0.82 | 53 | Financials Equities | CMA vs KRE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMA, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.00, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.00 | 0.16 | 0.28 | 56 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.13 | 0.18 | 85 | Energy | |
| Amazon.com, Inc | 0.08 | 0.22 | 0.29 | 60 | Consumer Cyclical | |
| CVS Health Corporation | 0.10 | 0.16 | 0.28 | 94 | Healthcare | |
| Medical Properties Trust, Inc | 0.13 | 0.34 | 0.34 | 63 | Real Estate |
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