Looking to balance out your exposure to CMT? The ETFs below have the lowest correlation with CMT — they tend to move on their own, which can help reduce risk when CMT drops. The stock ideas table highlights individual companies that behave independently from CMT.
No Diversifiers Found for CMT
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 CMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMT and solid risk/return profiles. The least correlated is Chord Energy Corp (CHRD) (Energy) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chord Energy Corp | -0.03 | 0.10 | 0.14 | 75 | Energy | |
| Cboe Global Markets, Inc. | -0.03 | -0.02 | 0.04 | 68 | Financial Services | |
| Fortinet, Inc. | -0.03 | 0.07 | 0.11 | 66 | Technology | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.08 | 0.08 | 80 | Consumer Defensive | |
| F5 Networks, Inc. | 0.09 | 0.17 | 0.17 | 68 | Technology |
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