Looking to balance out your exposure to CMS? The ETFs below have historically moved differently from CMS, 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 CMS
3 ETFs have low correlation with CMS (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.26, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.26 | -0.13 | 0.02 | 54 | Nasdaq-100 | CMS vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.13 | 0.03 | 0.16 | 71 | S&P 500 | CMS vs SPY | |
| Schwab International Equity ETF | -0.03 | 0.11 | 0.19 | 70 | Foreign Large Cap Equities | CMS vs SCHF | |
| Schwab U.S. Dividend Equity ETF | 0.38 | 0.43 | 0.42 | 94 | Dividend | CMS vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMS, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.26, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.26 | -0.23 | -0.11 | 63 | Technology | |
| Amazon.com, Inc | -0.18 | -0.13 | 0.01 | 68 | Consumer Cyclical | |
| Palo Alto Networks, Inc. | -0.17 | -0.10 | -0.03 | 91 | Technology | |
| Dell Technologies Inc. | -0.15 | -0.12 | -0.02 | 97 | Technology | |
| Microchip Technology Incorporated | -0.12 | -0.00 | 0.04 | 57 | Technology |
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