Looking to balance out your exposure to CMCSA? The ETFs below have the lowest correlation with CMCSA — they tend to move on their own, which can help reduce risk when CMCSA drops. The stock ideas table highlights individual companies that behave independently from CMCSA.
Best Diversifiers for CMCSA
251 ETFs have low correlation with CMCSA (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.19, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.19 | 0.04 | 0.23 | 90 | Leveraged Equities, Semiconductors | CMCSA vs USD | |
| YieldMax NVDA Option Income Strategy ETF | -0.18 | 0.00 | — | 52 | Derivative Income, Options Trading | CMCSA vs NVDY | |
| VanEck Fabless Semiconductor ETF | -0.11 | — | — | 93 | Semiconductors, Technology Equities | CMCSA vs SMHX | |
| VanEck Semiconductor ETF | -0.10 | 0.08 | 0.23 | 96 | Semiconductors, Technology Equities | CMCSA vs SMH | |
| First Trust Nasdaq Semiconductor ETF | -0.10 | 0.13 | 0.28 | 97 | Semiconductors, Technology Equities | CMCSA vs FTXL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMCSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMCSA and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.21, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.21 | 0.00 | 0.16 | 99 | Technology | |
| NVIDIA Corporation | -0.21 | 0.00 | 0.18 | 78 | Technology | |
| Centrus Energy Corp. | -0.17 | 0.02 | 0.14 | 55 | Energy | |
| Credo Technology Group Holding Ltd | -0.14 | 0.01 | 0.09 | 85 | Technology | |
| Seagate Technology plc | -0.14 | 0.09 | 0.24 | 99 | Technology |
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