Looking to balance out your exposure to CMC? The ETFs below have the lowest correlation with CMC — they tend to move on their own, which can help reduce risk when CMC drops. The stock ideas table highlights individual companies that behave independently from CMC.
Best Diversifiers for CMC
0 ETFs have low correlation with CMC (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.46, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.46 | 0.38 | 0.41 | 96 | Semiconductors, Technology Equities | CMC vs SMH | |
| Fidelity New Millennium ETF | 0.51 | 0.50 | 0.57 | 65 | Large Cap Blend Equities | CMC vs FMIL | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.50 | 0.53 | 74 | S&P 500 | CMC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMC and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.15, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.15 | 0.11 | 0.23 | 63 | Basic Materials | |
| Aurubis AG ADR | -0.02 | 0.02 | 0.02 | 99 | Industrials | |
| Texas Instruments Incorporated | 0.39 | 0.38 | 0.41 | 80 | Technology | |
| Gerdau S.A. | 0.49 | 0.44 | 0.46 | 85 | Basic Materials | |
| Dana Incorporated | 0.50 | 0.53 | 0.56 | 95 | Consumer Cyclical |
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