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.
Best Diversifiers for CMSA
1 ETFs have low correlation with CMSA (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Physical Silver Trust (PSLV) (Silver) with a 1Y correlation of 0.09, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | 0.09 | 0.14 | 0.15 | 79 | Silver, Precious Metals | CMSA vs PSLV |
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 Noble Corporation (NE) (Energy) with a 1Y correlation of 0.02, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Noble Corporation | 0.02 | 0.12 | 0.12 | 87 | Energy | |
| Verizon Communications Inc. | 0.05 | 0.15 | 0.15 | 59 | Communication Services | |
| Archer-Daniels-Midland Company | 0.05 | 0.14 | 0.13 | 94 | Consumer Defensive | |
| UnitedHealth Group Incorporated | 0.06 | 0.02 | 0.07 | 61 | Healthcare | |
| United Parcel Service, Inc. | 0.14 | 0.21 | 0.23 | 57 | Industrials |
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