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.
Best Diversifiers for CMP
0 ETFs have low correlation with CMP (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Autocallable Income ETF | 0.35 | — | — | 67 | Derivative Income | CMP vs CAIE |
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 0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.01 | 0.11 | 0.14 | 97 | Healthcare | |
| Baker Hughes Company | 0.26 | 0.25 | 0.34 | 81 | Energy |
Build a portfolio that complements CMP
Add CMP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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