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
10 ETFs have low correlation with CMPS (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Inflation Allocation ETF (RAAX) (Diversified Portfolio) with a 1Y correlation of 0.13, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Inflation Allocation ETF | 0.13 | 0.19 | 0.22 | 85 | Diversified Portfolio | CMPS vs RAAX | |
| Schwab U.S. Dividend Equity ETF | 0.13 | 0.23 | 0.24 | 80 | Dividend | CMPS vs SCHD | |
| iShares Global Clean Energy ETF | 0.18 | 0.27 | 0.34 | 87 | Alternative Energy Equities | CMPS vs ICLN | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.20 | 0.26 | 0.24 | 71 | Mid Cap Value Equities, Dividend | CMPS vs RDIV | |
| Fidelity Clean Energy ETF | 0.24 | 0.30 | — | 90 | Alternative Energy Equities | CMPS vs FRNW |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.13, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.13 | -0.05 | -0.05 | 53 | Utilities | |
| Chevron Corporation | -0.07 | 0.01 | 0.08 | 83 | Energy | |
| Eli Lilly and Company | 0.07 | 0.09 | 0.09 | 72 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.13 | 0.20 | 0.25 | 95 | Technology | |
| Pfizer Inc. | 0.13 | 0.16 | 0.13 | 61 | Healthcare |
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Build a portfolio that complements CMPS
Add CMPS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CMPS