Looking to diversify beyond CMDT? The ETFs below have historically moved differently from CMDT, 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 CMDT
2134 ETFs have low correlation with CMDT (below 0.3), 1212 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Short-Term Treasury Ladder ETF | -0.31 | — | — | 89 | Government Bonds, Short-Term Bond | CMDT vs SLDR | |
| Avantis Short-Term Fixed Income ETF | -0.31 | -0.12 | — | 72 | Short-Term Bond | CMDT vs AVSF | |
| Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | -0.31 | -0.14 | — | 69 | Short-Term Bond | CMDT vs NUSA | |
| iShares Core 1-5 Year USD Bond ETF | -0.30 | -0.12 | — | 79 | Short-Term Bond | CMDT vs ISTB | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.30 | -0.11 | — | 75 | Short-Term Bond | CMDT vs SHAG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMDT, 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 Semtech Corporation (SMTC) (Technology) with a 1Y correlation of 0.01, roughly unchanged from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Semtech Corporation | 0.01 | 0.04 | — | 88 | Technology | |
| Comfort Systems USA, Inc. | 0.07 | 0.09 | 0.09 | 95 | Industrials | |
| MaxLinear, Inc. | 0.07 | 0.14 | — | 96 | Technology | |
| NVIDIA Corporation | 0.09 | 0.08 | 0.08 | 56 | Technology |
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