Looking to balance out your exposure to CODX? The ETFs below have the lowest correlation with CODX — they tend to move on their own, which can help reduce risk when CODX drops. The stock ideas table highlights individual companies that behave independently from CODX.
No Diversifiers Found for CODX
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 CODX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CODX and solid risk/return profiles. The least correlated is The Southern Company (SO) (Utilities) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Southern Company | -0.05 | -0.01 | 0.01 | 57 | Utilities | |
| American Electric Power Company, Inc. | -0.03 | -0.04 | 0.01 | 87 | Utilities | |
| Triton International Ltd | -0.02 | -0.06 | 0.03 | 83 | Industrials | |
| Murphy USA Inc. | -0.01 | 0.02 | 0.07 | 66 | Consumer Cyclical | |
| Triton International Ltd | 0.00 | 0.03 | 0.11 | 90 | Industrials |
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