Looking to balance out your exposure to CSL? The ETFs below have the lowest correlation with CSL — they tend to move on their own, which can help reduce risk when CSL drops. The stock ideas table highlights individual companies that behave independently from CSL.
Best Diversifiers for CSL
0 ETFs have low correlation with CSL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.34, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.34 | 0.40 | 0.44 | 96 | Semiconductors, Technology Equities | CSL vs SOXX | |
| Vanguard S&P 500 ETF | 0.46 | 0.52 | 0.57 | 74 | S&P 500 | CSL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.53 | 0.58 | 74 | S&P 500 | CSL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSL and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.10 | 0.11 | 0.18 | 71 | Energy | |
| Adecoagro S.A. | -0.04 | 0.09 | 0.18 | 66 | Consumer Defensive | |
| AppLovin Corporation | 0.01 | 0.14 | 0.21 | 57 | Technology | |
| Fortinet, Inc. | 0.04 | 0.16 | 0.26 | 69 | Technology | |
| Lockheed Martin Corporation | 0.08 | 0.10 | 0.17 | 51 | Industrials |
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