Looking to balance out your exposure to CTVA? The ETFs below have the lowest correlation with CTVA — they tend to move on their own, which can help reduce risk when CTVA drops. The stock ideas table highlights individual companies that behave independently from CTVA.
Best Diversifiers for CTVA
3 ETFs have low correlation with CTVA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.04, 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 | 0.04 | -0.02 | -0.03 | 100 | Ultrashort Bond | CTVA vs SGOV | |
| Vanguard S&P 500 ETF | 0.16 | 0.29 | 0.38 | 63 | S&P 500 | CTVA vs VOO | |
| iShares Core MSCI Total International Stock ETF | 0.19 | 0.35 | 0.43 | 61 | Foreign Large Cap Equities | CTVA vs IXUS | |
| SPDR S&P Dividend ETF | 0.37 | 0.50 | 0.53 | 51 | Mid Cap Value Equities, Dividend | CTVA vs SDY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTVA and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | -0.00 | 0.11 | 66 | Technology | |
| Monster Beverage Corporation | -0.05 | 0.15 | 0.22 | 89 | Consumer Defensive | |
| Broadcom Inc. | -0.03 | 0.03 | 0.12 | 71 | Technology | |
| The Coca-Cola Company | 0.01 | 0.14 | 0.23 | 76 | Consumer Defensive | |
| Palo Alto Networks, Inc. | 0.01 | 0.04 | 0.12 | 71 | Technology |
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