Looking to balance out your exposure to CTMX? The ETFs below have historically moved differently from CTMX, 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 CTMX
1 ETFs have low correlation with CTMX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.20, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.25 | 0.28 | 67 | S&P 500 | CTMX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CTMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Universal Insurance Holdings, Inc. (UVE) (Financial Services) with a 1Y correlation of -0.05, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Universal Insurance Holdings, Inc. | -0.05 | 0.00 | 0.03 | 94 | Financial Services | |
| Lumentum Holdings Inc. | 0.08 | 0.16 | 0.18 | 98 | Technology | |
| Telefonaktiebolaget LM Ericsson (publ) | 0.13 | 0.20 | 0.21 | 75 | Technology | |
| Lam Research Corporation | 0.18 | 0.17 | 0.20 | 96 | Technology | |
| Nuvation Bio Inc. | 0.24 | 0.27 | 0.29 | 87 | Healthcare |
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