Looking to diversify beyond CSMD? The ETFs below have the lowest correlation with CSMD — 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 CSMD.
Best Diversifiers for CSMD
357 ETFs have low correlation with CSMD (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.07 | -0.07 | 71 | Oil & Gas | CSMD vs DBE | |
| United States Oil Fund LP | -0.27 | — | — | 66 | Oil & Gas | CSMD vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.05 | -0.05 | 65 | Oil & Gas | CSMD vs BNO | |
| United States Gasoline Fund LP | -0.25 | -0.06 | -0.06 | 69 | Oil & Gas | CSMD vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.07 | -0.07 | 56 | Derivative Income | CSMD vs USOY |
See all 2112 diversifiers for CSMD
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