Looking to balance out your exposure to CUK? The ETFs below have the lowest correlation with CUK — they tend to move on their own, which can help reduce risk when CUK drops. The stock ideas table highlights individual companies that behave independently from CUK.
Best Diversifiers for CUK
0 ETFs have low correlation with CUK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.45, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.45 | 0.46 | 0.50 | 60 | S&P 500, Large Cap Growth Equities | CUK vs SPYG | |
| Invesco QQQ ETF | 0.47 | 0.47 | 0.52 | 74 | Nasdaq-100 | CUK vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.48 | 0.46 | 0.54 | 76 | Nasdaq-100, Derivative Income | CUK vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.56 | 0.53 | 0.57 | 74 | S&P 500 | CUK vs SPY | |
| Vanguard S&P 500 ETF | 0.57 | 0.53 | 0.57 | 74 | S&P 500 | CUK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CUK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CUK and solid risk/return profiles. The least correlated is HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of 0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | 0.03 | 0.11 | 0.22 | 93 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.19 | 0.16 | 0.24 | 76 | Industrials | |
| The Ensign Group, Inc. | 0.21 | 0.23 | 0.27 | 51 | Healthcare | |
| Brookfield Renewable Corporation | 0.25 | — | — | 71 | Utilities | |
| Rocket Lab USA, Inc. | 0.26 | 0.32 | — | 94 | Industrials |
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