Looking to balance out your exposure to CMPS? The ETFs below have the lowest correlation with CMPS — they tend to move on their own, which can help reduce risk when CMPS drops. The stock ideas table highlights individual companies that behave independently from CMPS.
Best Diversifiers for CMPS
17 ETFs have low correlation with CMPS (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Government Money Market ETF | 0.00 | — | — | 100 | Money Market | CMPS vs SGVT | |
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.23 | 0.24 | 83 | Dividend | CMPS vs SCHD | |
| VanEck Inflation Allocation ETF | 0.15 | 0.19 | 0.22 | 71 | Diversified Portfolio | CMPS vs RAAX | |
| iShares Global Clean Energy ETF | 0.18 | 0.26 | 0.33 | 53 | Alternative Energy Equities | CMPS vs ICLN | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.19 | 0.26 | 0.25 | 80 | Mid Cap Value Equities, Dividend | CMPS vs RDIV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMPS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMPS and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.09, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.09 | 0.02 | 0.07 | 71 | Energy | |
| Duke Energy Corporation | -0.08 | -0.04 | -0.05 | 63 | Utilities | |
| ConocoPhillips Company | -0.06 | 0.05 | 0.10 | 63 | Energy | |
| Chevron Corporation | -0.05 | -0.01 | 0.07 | 67 | Energy | |
| Mueller Industries, Inc. | 0.07 | 0.21 | 0.24 | 75 | Industrials |
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Build a portfolio that complements CMPS
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