Looking to balance out your exposure to CVS? The ETFs below have historically moved differently from CVS, 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 CVS
307 ETFs have low correlation with CVS (below 0.3), 80 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.09 | -0.03 | — | 76 | Artificial Intelligence, Technology Equities | CVS vs CHAT | |
| VanEck Fabless Semiconductor ETF | -0.09 | — | — | 68 | Semiconductors, Technology Equities | CVS vs SMHX | |
| iShares U.S. Technology ETF | -0.08 | -0.01 | 0.11 | 61 | Technology Equities | CVS vs IYW | |
| iShares Expanded Tech Sector ETF | -0.08 | -0.01 | 0.10 | 63 | Technology Equities | CVS vs IGM | |
| iShares Global Tech ETF | -0.08 | -0.01 | 0.11 | 69 | Technology Equities | CVS vs IXN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CVS, 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 CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.16, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.16 | -0.06 | 0.00 | 83 | Technology | |
| Okta, Inc. | -0.16 | -0.00 | 0.02 | 73 | Technology | |
| UiPath Inc. | -0.15 | 0.05 | 0.07 | 54 | Technology | |
| Broadcom Inc. | -0.15 | -0.05 | 0.07 | 68 | Technology | |
| Celcuity Inc. | -0.14 | 0.03 | 0.04 | 85 | Healthcare |
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