Looking to diversify beyond CSHI? The ETFs below have the lowest correlation with CSHI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CSHI.
Best Diversifiers for CSHI
1255 ETFs have low correlation with CSHI (below 0.3), 104 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.20 | 0.01 | — | 65 | Oil & Gas | CSHI vs BNO | |
| United States Oil Fund LP | -0.20 | 0.02 | — | 66 | Oil & Gas | CSHI vs USO | |
| Invesco DB Oil Fund | -0.19 | 0.02 | — | 65 | Oil & Gas | CSHI vs DBO | |
| Invesco DB Energy Fund | -0.19 | 0.01 | — | 71 | Oil & Gas | CSHI vs DBE | |
| ProShares Ultra Bloomberg Crude Oil | -0.18 | 0.04 | — | 54 | Leveraged Commodities | CSHI vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSHI and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.11, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.11 | 0.04 | 0.09 | 83 | Energy | |
| ConocoPhillips Company | -0.09 | 0.05 | 0.10 | 76 | Energy | |
| CVS Health Corporation | -0.08 | -0.00 | — | 80 | Healthcare | |
| Duke Energy Corporation | -0.07 | -0.00 | 0.05 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.06 | -0.01 | 0.06 | 85 | Energy |
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