Looking to balance out your exposure to CMCSA? The ETFs below have historically moved differently from CMCSA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CMCSA
258 ETFs have low correlation with CMCSA (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.24, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.24 | 0.01 | 0.20 | 52 | Leveraged Equities, Semiconductors | CMCSA vs USD | |
| Roundhill Generative AI & Technology ETF | -0.20 | 0.06 | — | 66 | Artificial Intelligence, Technology Equities | CMCSA vs CHAT | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.20 | — | — | 87 | Artificial Intelligence, Technology Equities | CMCSA vs AIS | |
| First Trust Nasdaq Semiconductor ETF | -0.18 | 0.08 | 0.24 | 91 | Semiconductors, Technology Equities | CMCSA vs FTXL | |
| VanEck Fabless Semiconductor ETF | -0.18 | — | — | 65 | Semiconductors, Technology Equities | CMCSA vs SMHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMCSA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.28, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.28 | -0.04 | 0.13 | 99 | Technology | |
| Western Digital Corporation | -0.25 | -0.03 | 0.16 | 99 | Technology | |
| Seagate Technology plc | -0.23 | 0.04 | 0.21 | 99 | Technology | |
| NVIDIA Corporation | -0.22 | -0.01 | 0.17 | 56 | Technology | |
| Broadcom Inc. | -0.20 | 0.01 | 0.18 | 67 | Technology |
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