Looking to balance out your exposure to CME? The ETFs below have historically moved differently from CME, 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 CME
280 ETFs have low correlation with CME (below 0.3), 224 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | -0.34 | — | — | 87 | Derivative Income, Semiconductors | CME vs CHPY | |
| Xtrackers Semiconductor Select Equity ETF | -0.33 | -0.22 | — | 92 | Semiconductors, Technology Equities | CME vs CHPS | |
| iShares Semiconductor ETF | -0.32 | -0.22 | -0.01 | 89 | Semiconductors, Technology Equities | CME vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.31 | -0.22 | -0.01 | 90 | Leveraged Equities, Semiconductors | CME vs SOXL | |
| First Trust Nasdaq Semiconductor ETF | -0.31 | -0.23 | -0.01 | 90 | Semiconductors, Technology Equities | CME vs FTXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CME, 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 -0.35, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.35 | -0.24 | -0.08 | 99 | Technology | |
| Lam Research Corporation | -0.29 | -0.21 | -0.02 | 96 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.29 | -0.18 | -0.02 | 89 | Technology | |
| Broadcom Inc. | -0.29 | -0.17 | 0.01 | 70 | Technology | |
| ASML Holding N.V. | -0.28 | -0.19 | 0.02 | 96 | Technology |
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