Looking to balance out your exposure to CSCO? The ETFs below have the lowest correlation with CSCO — they tend to move on their own, which can help reduce risk when CSCO drops. The stock ideas table highlights individual companies that behave independently from CSCO.
Best Diversifiers for CSCO
118 ETFs have low correlation with CSCO (below 0.3), 21 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.12, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.07 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CSCO vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.04 | -0.00 | 100 | Ultrashort Bond | CSCO vs SGOV | |
| Vanguard Short-Term Treasury ETF | -0.11 | -0.04 | 0.03 | 89 | Government Bonds, Short-Term Bond | CSCO vs VGSH | |
| Vanguard Ultra-Short Treasury ETF | -0.10 | -0.13 | -0.13 | 100 | Ultrashort Bond, Government Bonds | CSCO vs VGUS | |
| iShares Ultra Short Duration Bond Active ETF | -0.09 | -0.00 | 0.05 | 99 | Ultrashort Bond | CSCO vs ICSH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSCO and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.21, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.21 | 0.04 | 0.21 | 78 | Real Estate | |
| Arch Capital Group Ltd. | -0.20 | 0.05 | 0.19 | 62 | Financial Services | |
| Omega Healthcare Investors, Inc. | -0.19 | 0.04 | 0.15 | 90 | Real Estate | |
| Colgate-Palmolive Company | -0.16 | 0.01 | 0.16 | 56 | Consumer Defensive | |
| Agree Realty Corporation | -0.16 | 0.05 | 0.19 | 72 | Real Estate |
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