Looking to balance out your exposure to CVCO? The ETFs below have the lowest correlation with CVCO — they tend to move on their own, which can help reduce risk when CVCO drops. The stock ideas table highlights individual companies that behave independently from CVCO.
Best Diversifiers for CVCO
0 ETFs have low correlation with CVCO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.31, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.31 | 0.36 | 0.46 | 74 | Nasdaq-100 | CVCO vs QQQ | |
| Vanguard S&P 500 ETF | 0.39 | 0.47 | 0.55 | 74 | S&P 500 | CVCO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.47 | 0.55 | 74 | S&P 500 | CVCO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVCO and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.12 | 0.17 | 86 | Energy | |
| NVIDIA Corporation | 0.03 | 0.13 | 0.31 | 80 | Technology | |
| Broadcom Inc. | 0.06 | 0.19 | 0.31 | 76 | Technology | |
| Bloom Energy Corporation | 0.09 | 0.27 | 0.35 | 99 | Industrials | |
| GE Vernova Inc. | 0.11 | 0.19 | 0.19 | 88 | Utilities |
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