Looking to balance out your exposure to CMCO? The ETFs below have the lowest correlation with CMCO — they tend to move on their own, which can help reduce risk when CMCO drops. The stock ideas table highlights individual companies that behave independently from CMCO.
Best Diversifiers for CMCO
0 ETFs have low correlation with CMCO (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 0.52, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.52 | 0.53 | 0.57 | 74 | S&P 500 | CMCO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.53 | 0.53 | 0.57 | 74 | S&P 500 | CMCO vs SPY |
Diversification Analysis
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