Looking to balance out your exposure to CMSA? The ETFs below have the lowest correlation with CMSA — they tend to move on their own, which can help reduce risk when CMSA drops. The stock ideas table highlights individual companies that behave independently from CMSA.
No Diversifiers Found for CMSA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMSA and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.01 | 0.13 | 0.14 | 54 | Communication Services | |
| UnitedHealth Group Incorporated | 0.02 | 0.00 | 0.06 | 76 | Healthcare | |
| Noble Corporation | 0.04 | 0.11 | 0.11 | 71 | Energy | |
| Archer-Daniels-Midland Company | 0.04 | 0.12 | 0.12 | 89 | Consumer Defensive | |
| United Parcel Service, Inc. | 0.12 | 0.21 | 0.22 | 61 | Industrials |
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