Looking to balance out your exposure to CSV? The ETFs below have the lowest correlation with CSV — they tend to move on their own, which can help reduce risk when CSV drops. The stock ideas table highlights individual companies that behave independently from CSV.
Best Diversifiers for CSV
2 ETFs have low correlation with CSV (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.02 | -0.03 | 100 | Ultrashort Bond | CSV vs SGOV | |
| State Street Technology Select Sector SPDR ETF | 0.15 | 0.19 | 0.29 | 82 | Technology Equities | CSV vs XLK | |
| Vanguard S&P 500 ETF | 0.34 | 0.36 | 0.41 | 74 | S&P 500 | CSV vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.17 | 0.21 | 73 | Consumer Defensive | |
| Chevron Corporation | -0.06 | 0.12 | 0.18 | 84 | Energy | |
| RTX Corporation | 0.03 | 0.16 | 0.26 | 75 | Industrials | |
| UnitedHealth Group Incorporated | 0.09 | 0.07 | 0.15 | 66 | Healthcare | |
| Millicom International Cellular S.A. | 0.09 | 0.17 | 0.20 | 98 | Communication Services |
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