Looking to balance out your exposure to CMS? The ETFs below have the lowest correlation with CMS — they tend to move on their own, which can help reduce risk when CMS drops. The stock ideas table highlights individual companies that behave independently from CMS.
Best Diversifiers for CMS
3 ETFs have low correlation with CMS (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.18 | -0.10 | 0.03 | 59 | Nasdaq-100 | CMS vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.05 | 0.06 | 0.18 | 59 | S&P 500 | CMS vs SPY | |
| Schwab International Equity ETF | 0.03 | 0.15 | 0.20 | 57 | Foreign Large Cap Equities | CMS vs SCHF | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.42 | 0.42 | 77 | Dividend | CMS vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.26, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.26 | -0.22 | -0.10 | 72 | Technology | |
| Palo Alto Networks, Inc. | -0.15 | -0.08 | -0.02 | 69 | Technology | |
| Amazon.com, Inc | -0.14 | -0.12 | 0.01 | 54 | Consumer Cyclical | |
| Dell Technologies Inc. | -0.13 | -0.11 | -0.01 | 96 | Technology | |
| Warner Bros. Discovery, Inc. | -0.04 | 0.11 | 0.14 | 97 | Communication Services |
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