Looking to diversify beyond CMDY? The ETFs below have historically moved differently from CMDY, 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 CMDY
2133 ETFs have low correlation with CMDY (below 0.3), 1425 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.29 | — | — | 76 | Municipal Bonds | CMDY vs FMUB | |
| Avantis Short-Term Fixed Income ETF | -0.27 | -0.07 | -0.00 | 72 | Short-Term Bond | CMDY vs AVSF | |
| Macquarie Tax-Free USA Short Term ETF | -0.27 | — | — | 82 | Municipal Bonds | CMDY vs STAX | |
| BondBloxx IR+M Tax-Aware ETF for Massachusetts Res... | -0.27 | — | — | 63 | Municipal Bonds | CMDY vs TAXM | |
| Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | -0.27 | -0.10 | -0.03 | 69 | Short-Term Bond | CMDY vs NUSA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMDY, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.13 | -0.05 | 0.12 | 61 | Financial Services | |
| GE Vernova Inc. | -0.01 | — | — | 76 | Industrials | |
| Caterpillar Inc. | -0.00 | 0.14 | 0.27 | 92 | Industrials | |
| Exxon Mobil Corporation | 0.46 | 0.45 | 0.51 | 84 | Energy |
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