Looking to diversify beyond CSD? The ETFs below have historically moved differently from CSD, 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 CSD
390 ETFs have low correlation with CSD (below 0.3), 89 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.33 | — | 61 | Cryptocurrency | CSD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CSD vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 52 | Inverse Equities | CSD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | CSD vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.11 | — | 56 | Options Trading | CSD vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CSD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is RLJ Lodging Trust (RLJ) (Real Estate) with a 1Y correlation of 0.40, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RLJ Lodging Trust | 0.40 | 0.48 | 0.56 | 95 | Real Estate | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.57 | 0.51 | 0.54 | 87 | Technology |
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