Looking to diversify beyond CSCS? The ETFs below have historically moved differently from CSCS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CSCS
4 ETFs have low correlation with CSCS (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | -0.39 | — | — | 88 | Leveraged Equities, Semiconductors | CSCS vs SOXL | |
| Direxion Daily NFLX Bear 1X Shares | 0.02 | — | — | 59 | Inverse Equities | CSCS vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 0.22 | — | — | 58 | Inverse Equities, Leveraged Equities | CSCS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 0.23 | — | — | 50 | Inverse Equities | CSCS vs SMST |
Diversification Analysis
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