Looking to diversify beyond CSHP? The ETFs below have historically moved differently from CSHP, 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 CSHP
2289 ETFs have low correlation with CSHP (below 0.3), 1188 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nomura National High-Yield Municipal Bond ETF | -0.17 | — | — | 70 | High Yield Muni | CSHP vs HTAX | |
| Hartford Municipal Opportunities ETF | -0.15 | -0.15 | -0.15 | 57 | Municipal Bonds | CSHP vs HMOP | |
| T. Rowe Price Floating Rate ETF | -0.15 | -0.04 | -0.04 | 84 | Bank Loan | CSHP vs TFLR | |
| Simplify Treasury Option Income ETF | -0.14 | — | — | 93 | Government Bonds, Ultrashort Bond, Derivative Income | CSHP vs BUCK | |
| Invesco S&P SmallCap Utilities & Communication Ser... | -0.14 | — | — | 53 | Utilities Equities | CSHP vs PSCU |
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