Looking to balance out your exposure to CTSH? The ETFs below have the lowest correlation with CTSH — they tend to move on their own, which can help reduce risk when CTSH drops. The stock ideas table highlights individual companies that behave independently from CTSH.
Best Diversifiers for CTSH
7 ETFs have low correlation with CTSH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI Emerging Markets ETF (IEMG) (Emerging Markets Diversified) with a 1Y correlation of 0.11, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Emerging Markets ETF | 0.11 | 0.29 | 0.40 | 79 | Emerging Markets Diversified | CTSH vs IEMG | |
| Invesco QQQ ETF | 0.15 | 0.32 | 0.48 | 73 | Nasdaq-100 | CTSH vs QQQ | |
| Vanguard FTSE Developed Markets ETF | 0.19 | 0.36 | 0.51 | 59 | Foreign Large Cap Equities | CTSH vs VEA | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.41 | 0.57 | 70 | S&P 500 | CTSH vs SPY | |
| Vanguard S&P 500 ETF | 0.25 | 0.42 | 0.57 | 70 | S&P 500 | CTSH vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTSH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTSH and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.14, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.14 | 0.06 | 0.27 | 78 | Technology | |
| Altria Group, Inc. | -0.14 | 0.08 | 0.17 | 69 | Consumer Defensive | |
| Bloom Energy Corporation | -0.12 | 0.09 | 0.22 | 99 | Industrials | |
| Ciena Corporation | -0.11 | 0.18 | 0.33 | 99 | Technology | |
| Celestica Inc. | -0.09 | 0.11 | 0.26 | 94 | Technology |
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