Looking to balance out your exposure to CTLP? The ETFs below have the lowest correlation with CTLP — they tend to move on their own, which can help reduce risk when CTLP drops. The stock ideas table highlights individual companies that behave independently from CTLP.
Best Diversifiers for CTLP
1 ETFs have low correlation with CTLP (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.19, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.24 | 0.34 | 96 | Semiconductors, Technology Equities | CTLP vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTLP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTLP and solid risk/return profiles. The least correlated is DHT Holdings, Inc. (DHT) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DHT Holdings, Inc. | 0.01 | 0.00 | 0.10 | 82 | Energy | |
| Texas Instruments Incorporated | 0.15 | 0.26 | 0.31 | 81 | Technology | |
| Iron Mountain Incorporated | 0.17 | 0.26 | 0.24 | 67 | Real Estate |
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