Looking to balance out your exposure to CMPX? The ETFs below have the lowest correlation with CMPX — they tend to move on their own, which can help reduce risk when CMPX drops. The stock ideas table highlights individual companies that behave independently from CMPX.
Best Diversifiers for CMPX
1 ETFs have low correlation with CMPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.22 | 0.23 | 0.19 | 76 | Technology Equities | CMPX vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMPX and solid risk/return profiles. The least correlated is Taysha Gene Therapies, Inc. (TSHA) (Healthcare) with a 1Y correlation of 0.34, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taysha Gene Therapies, Inc. | 0.34 | 0.29 | 0.24 | 82 | Healthcare |
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