Looking to balance out your exposure to CSGP? The ETFs below have the lowest correlation with CSGP — they tend to move on their own, which can help reduce risk when CSGP drops. The stock ideas table highlights individual companies that behave independently from CSGP.
Best Diversifiers for CSGP
6 ETFs have low correlation with CSGP (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.04 | 0.18 | 0.33 | 89 | Leveraged Equities, Semiconductors | CSGP vs USD | |
| Vanguard Information Technology ETF | 0.11 | 0.32 | 0.47 | 76 | Technology Equities | CSGP vs VGT | |
| Invesco QQQ ETF | 0.13 | 0.33 | 0.48 | 74 | Nasdaq-100 | CSGP vs QQQ | |
| iShares MSCI ACWI ETF | 0.18 | 0.40 | 0.52 | 70 | Global Equities | CSGP vs ACWI | |
| Vanguard S&P 500 ETF | 0.20 | 0.41 | 0.52 | 74 | S&P 500 | CSGP vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSGP and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of -0.16, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | -0.16 | 0.05 | 0.12 | 83 | Healthcare | |
| Lam Research Corporation | -0.07 | 0.19 | 0.31 | 98 | Technology | |
| Monster Beverage Corporation | -0.06 | 0.16 | 0.30 | 80 | Consumer Defensive | |
| ASML Holding N.V. | -0.06 | 0.19 | 0.33 | 94 | Technology | |
| KLA Corporation | -0.06 | 0.21 | 0.34 | 95 | Technology |
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Build a portfolio that complements CSGP
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