Looking to balance out your exposure to CMCL? The ETFs below have the lowest correlation with CMCL — they tend to move on their own, which can help reduce risk when CMCL drops. The stock ideas table highlights individual companies that behave independently from CMCL.
Best Diversifiers for CMCL
0 ETFs have low correlation with CMCL (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 0.40, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.22 | 0.20 | 60 | S&P 500 | CMCL vs VOO | |
| WisdomTree International Al Enhanced Value Fund | 0.42 | 0.34 | 0.31 | 54 | Foreign Large Cap Equities | CMCL vs AIVI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMCL and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.02 | 0.01 | 0.03 | 52 | Financial Services | |
| Altria Group, Inc. | 0.00 | 0.06 | 0.08 | 74 | Consumer Defensive | |
| Erasca, Inc. | 0.03 | 0.11 | — | 99 | Healthcare | |
| Ackermans & Van Haaren NV ADR | 0.04 | — | — | 94 | Industrials | |
| Marvell Technology, Inc. | 0.06 | 0.07 | 0.11 | 96 | Technology |
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