Looking to balance out your exposure to CMI? The ETFs below have the lowest correlation with CMI — they tend to move on their own, which can help reduce risk when CMI drops. The stock ideas table highlights individual companies that behave independently from CMI.
Best Diversifiers for CMI
1 ETFs have low correlation with CMI (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Physical Silver Trust (PSLV) (Silver) with a 1Y correlation of 0.23, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | 0.23 | 0.18 | 0.18 | 79 | Silver, Precious Metals | CMI vs PSLV | |
| Schwab U.S. Dividend Equity ETF | 0.40 | 0.52 | 0.60 | 80 | Dividend | CMI vs SCHD | |
| Invesco QQQ ETF | 0.50 | 0.42 | 0.45 | 73 | Nasdaq-100 | CMI vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | 0.51 | — | — | 68 | Nasdaq-100, Derivative Income | CMI vs QQQI | |
| Roundhill Generative AI & Technology ETF | 0.51 | 0.44 | 0.43 | 94 | Technology Equities | CMI vs CHAT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMI and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.16 | -0.11 | 0.03 | 68 | Financial Services | |
| Duke Energy Corporation | -0.09 | 0.05 | 0.12 | 53 | Utilities | |
| The Coca-Cola Company | -0.04 | 0.06 | 0.18 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.02 | 0.22 | 0.32 | 83 | Energy | |
| Coterra Energy Inc. | -0.01 | 0.25 | 0.31 | 79 | Energy |
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Build a portfolio that complements CMI
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