Looking to balance out your exposure to CMI? The ETFs below have historically moved differently from CMI, 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 CMI
1 ETFs have low correlation with CMI (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.23, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.45 | 0.56 | 95 | Dividend | CMI vs SCHD | |
| Themes Global Systemically Important Banks ETF | 0.50 | — | — | 91 | Financials Equities | CMI vs GSIB | |
| Vanguard S&P 500 Growth ETF | 0.52 | 0.45 | 0.48 | 53 | S&P 500, Large Cap Growth Equities | CMI vs VOOG | |
| Invesco QQQ ETF | 0.55 | 0.45 | 0.47 | 58 | Nasdaq-100 | CMI vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.56 | 0.54 | 0.57 | 78 | S&P 500 | CMI vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMI, 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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.24, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.24 | -0.14 | -0.00 | 62 | Financial Services | |
| Duke Energy Corporation | -0.19 | 0.02 | 0.10 | 52 | Utilities | |
| The Coca-Cola Company | -0.18 | 0.01 | 0.13 | 87 | Consumer Defensive | |
| Chubb Limited | -0.16 | 0.06 | 0.24 | 87 | Financial Services | |
| CF Industries Holdings, Inc. | -0.14 | 0.09 | 0.16 | 68 | Basic Materials |
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