Looking to balance out your exposure to CMPGY? The ETFs below have the lowest correlation with CMPGY — they tend to move on their own, which can help reduce risk when CMPGY drops. The stock ideas table highlights individual companies that behave independently from CMPGY.
Best Diversifiers for CMPGY
1 ETFs have low correlation with CMPGY (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.08 | 0.03 | 0.04 | 100 | Government Bonds, Ultrashort Bond | CMPGY vs BIL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMPGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMPGY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | -0.01 | 0.09 | 75 | Energy | |
| Shell plc | 0.06 | 0.09 | 0.18 | 64 | Energy | |
| Walmart Inc. | 0.07 | 0.12 | 0.14 | 68 | Consumer Defensive | |
| Verizon Communications Inc. | 0.10 | 0.15 | 0.19 | 66 | Communication Services | |
| Gilead Sciences, Inc. | 0.11 | 0.17 | 0.20 | 64 | Healthcare |
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