Looking to balance out your exposure to CVI? The ETFs below have historically moved differently from CVI, 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 CVI
2 ETFs have low correlation with CVI (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.08 | 0.11 | 0.21 | 71 | S&P 500 | CVI vs SPY | |
| Global X Russell 2000 Covered Call ETF | 0.00 | 0.18 | 0.27 | 89 | Derivative Income, Small Cap Blend Equities | CVI vs RYLD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CVI, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | -0.01 | 0.09 | 63 | Technology | |
| Philip Morris International Inc. | -0.06 | 0.01 | 0.07 | 63 | Consumer Defensive | |
| International Seaways, Inc. | 0.01 | 0.22 | 0.30 | 97 | Industrials | |
| Sunoco LP | 0.13 | 0.17 | 0.26 | 88 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.28 | 0.29 | 0.32 | 79 | Energy |
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