Looking to balance out your exposure to CMA? The ETFs below have the lowest correlation with CMA — they tend to move on their own, which can help reduce risk when CMA drops. The stock ideas table highlights individual companies that behave independently from CMA.
Best Diversifiers for CMA
0 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 0.30, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.44 | 0.53 | 70 | S&P 500 | CMA vs SPY | |
| Vanguard S&P 500 ETF | 0.30 | 0.44 | 0.53 | 70 | S&P 500 | CMA vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMA and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.14 | 0.19 | 86 | Energy | |
| NVIDIA Corporation | 0.04 | 0.16 | 0.27 | 78 | Technology | |
| CVS Health Corporation | 0.07 | 0.18 | 0.29 | 80 | Healthcare | |
| Amazon.com, Inc | 0.12 | 0.22 | 0.28 | 60 | Consumer Cyclical | |
| Vale S.A. | 0.20 | 0.26 | 0.28 | 90 | Basic Materials |
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