Looking to balance out your exposure to CMPX? The ETFs below have historically moved differently from CMPX, 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 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 0.23, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.23 | 0.24 | 0.19 | 52 | Technology Equities | CMPX vs VGT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMPX, 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 Taysha Gene Therapies, Inc. (TSHA) (Healthcare) with a 1Y correlation of 0.34, up from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taysha Gene Therapies, Inc. | 0.34 | 0.30 | 0.24 | 85 | Healthcare |
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