Looking to balance out your exposure to CVKD? The ETFs below have the lowest correlation with CVKD — they tend to move on their own, which can help reduce risk when CVKD drops. The stock ideas table highlights individual companies that behave independently from CVKD.
Best Diversifiers for CVKD
4 ETFs have low correlation with CVKD (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Global Cash Cows Dividend ETF (GCOW) (Large Cap Value Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Global Cash Cows Dividend ETF | 0.10 | 0.09 | 0.10 | 82 | Large Cap Value Equities, Dividend | CVKD vs GCOW | |
| Pacer Lunt Large Cap Alternator ETF | 0.16 | 0.15 | — | 78 | Large Cap Growth Equities | CVKD vs ALTL | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.23 | 0.17 | — | 78 | Mid Cap Value Equities, Dividend | CVKD vs RDIV | |
| Pacer US Cash Cows 100 ETF | 0.25 | 0.15 | 0.14 | 69 | Mid Cap Value Equities, Dividend | CVKD vs COWZ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVKD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVKD and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | -0.01 | — | 66 | Consumer Defensive | |
| Apple Inc | 0.08 | 0.09 | — | 90 | Technology | |
| CrowdStrike Holdings, Inc. | 0.13 | 0.12 | 0.13 | 72 | Technology | |
| Snowflake Inc. | 0.13 | 0.09 | — | 51 | Technology | |
| Micron Technology, Inc. | 0.14 | 0.13 | 0.11 | 99 | Technology |
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