Looking to balance out your exposure to CMPS? The ETFs below have historically moved differently from CMPS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CMPS
12 ETFs have low correlation with CMPS (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Government Money Market ETF | -0.01 | — | — | 100 | Money Market | CMPS vs SGVT | |
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.22 | 0.24 | 95 | Dividend | CMPS vs SCHD | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.13 | 0.25 | 0.24 | 95 | Mid Cap Value Equities, Dividend | CMPS vs RDIV | |
| VanEck Pharmaceutical ETF | 0.17 | 0.20 | 0.21 | 83 | Health & Biotech Equities | CMPS vs PPH | |
| Vanguard Health Care ETF | 0.19 | 0.27 | 0.30 | 77 | Health & Biotech Equities | CMPS vs VHT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMPS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.13, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.13 | -0.04 | -0.05 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.09 | 0.02 | 0.07 | 84 | Energy | |
| Berkshire Hathaway Inc. | -0.07 | 0.09 | 0.13 | 61 | Financial Services | |
| Chevron Corporation | -0.06 | -0.01 | 0.06 | 80 | Energy | |
| ConocoPhillips Company | -0.05 | 0.05 | 0.10 | 72 | Energy |
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