Looking to balance out your exposure to CSGS? The ETFs below have the lowest correlation with CSGS — they tend to move on their own, which can help reduce risk when CSGS drops. The stock ideas table highlights individual companies that behave independently from CSGS.
Best Diversifiers for CSGS
0 ETFs have low correlation with CSGS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.31, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.36 | 0.44 | 74 | S&P 500 | CSGS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSGS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.02 | 0.06 | 0.17 | 80 | Technology | |
| Eli Lilly and Company | 0.03 | 0.09 | 0.15 | 75 | Healthcare | |
| Gold Fields Limited | 0.04 | 0.06 | 0.08 | 71 | Basic Materials | |
| Innodata Inc. | 0.04 | 0.19 | 0.21 | 81 | Technology | |
| Flex Ltd. | 0.05 | 0.23 | 0.30 | 98 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CSGS
Add CSGS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CSGS