Looking to balance out your exposure to CMBM? The ETFs below have the lowest correlation with CMBM — they tend to move on their own, which can help reduce risk when CMBM drops. The stock ideas table highlights individual companies that behave independently from CMBM.
Best Diversifiers for CMBM
1 ETFs have low correlation with CMBM (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.14, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.14 | 0.25 | 0.36 | 70 | S&P 500 | CMBM vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMBM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMBM and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.07, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.07 | 0.15 | 0.25 | 89 | Technology |
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