Looking to balance out your exposure to CVLG? The ETFs below have the lowest correlation with CVLG — they tend to move on their own, which can help reduce risk when CVLG drops. The stock ideas table highlights individual companies that behave independently from CVLG.
Best Diversifiers for CVLG
0 ETFs have low correlation with CVLG (below 0.3), 0 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 0.41, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.45 | 0.45 | 66 | S&P 500 | CVLG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVLG and solid risk/return profiles. The least correlated is XPO Logistics, Inc. (XPO) (Industrials) with a 1Y correlation of 0.68, up from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| XPO Logistics, Inc. | 0.68 | 0.59 | 0.54 | 88 | Industrials |
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