Looking to balance out your exposure to CTO? The ETFs below have historically moved differently from CTO, 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 CTO
4 ETFs have low correlation with CTO (below 0.3), 1 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of -0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | -0.05 | 0.13 | 0.24 | 87 | Nasdaq-100, Derivative Income | CTO vs QYLD | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.25 | 0.35 | 78 | S&P 500 | CTO vs SPY | |
| Vanguard S&P 500 ETF | 0.05 | 0.25 | 0.35 | 78 | S&P 500 | CTO vs VOO | |
| Pacer Global Cash Cows Dividend ETF | 0.17 | 0.34 | 0.39 | 89 | Large Cap Value Equities, Dividend | CTO vs GCOW |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CTO, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.06, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.06 | 0.10 | 0.19 | 79 | Energy | |
| Enbridge Inc. | 0.16 | 0.29 | 0.35 | 82 | Energy | |
| Medical Properties Trust, Inc | 0.27 | 0.35 | 0.40 | 62 | Real Estate | |
| AGNC Investment Corp. | 0.28 | 0.42 | 0.40 | 78 | Real Estate | |
| EPR Properties | 0.36 | 0.48 | 0.49 | 67 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CTO
Add CTO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CTO