Looking to balance out your exposure to CMP? The ETFs below have the lowest correlation with CMP — they tend to move on their own, which can help reduce risk when CMP drops. The stock ideas table highlights individual companies that behave independently from CMP.
No Diversifiers Found for CMP
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMP and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.06, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.06 | 0.12 | 0.15 | 92 | Healthcare | |
| Baker Hughes Company | 0.25 | 0.26 | 0.35 | 89 | Energy |
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