Looking to balance out your exposure to CPHC? The ETFs below have the lowest correlation with CPHC — they tend to move on their own, which can help reduce risk when CPHC drops. The stock ideas table highlights individual companies that behave independently from CPHC.
Best Diversifiers for CPHC
1 ETFs have low correlation with CPHC (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.01 | 0.09 | 0.08 | 70 | S&P 500 | CPHC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPHC and solid risk/return profiles. The least correlated is Boyd Gaming Corporation (BYD) (Consumer Cyclical) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Boyd Gaming Corporation | -0.05 | 0.07 | 0.04 | 61 | Consumer Cyclical | |
| UBS Group AG | -0.03 | 0.00 | 0.01 | 77 | Financial Services |
Build a portfolio that complements CPHC
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