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
116 ETFs have low correlation with CSCO (below 0.3), 19 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.04 | 0.01 | 100 | Ultrashort Bond | CSCO vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | -0.11 | 0.01 | 0.09 | 93 | Inflation-Protected Bonds | CSCO vs STIP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.05 | -0.00 | 100 | Government Bonds, Ultrashort Bond | CSCO vs BIL | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | -0.09 | 0.02 | — | 73 | Municipal Bonds | CSCO vs VTES | |
| Vanguard Short-Term Treasury ETF | -0.07 | -0.03 | 0.03 | 83 | Government Bonds, Short-Term Bond | CSCO vs VGSH |
To view more results, upgrade your current subscription plan.
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 BCE Inc. (BCE) (Communication Services) with a 1Y correlation of -0.14, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BCE Inc. | -0.14 | 0.02 | 0.20 | 66 | Communication Services | |
| W. P. Carey Inc. | -0.12 | 0.16 | 0.28 | 79 | Real Estate | |
| CF Industries Holdings, Inc. | -0.11 | 0.10 | 0.13 | 60 | Basic Materials | |
| National Retail Properties, Inc. | -0.10 | 0.10 | 0.25 | 62 | Real Estate | |
| Verizon Communications Inc. | -0.09 | 0.09 | 0.20 | 59 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CSCO
Add CSCO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CSCO