Looking to balance out your exposure to CVSA? The ETFs below have the lowest correlation with CVSA — they tend to move on their own, which can help reduce risk when CVSA drops. The stock ideas table highlights individual companies that behave independently from CVSA.
Best Diversifiers for CVSA
4 ETFs have low correlation with CVSA (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.04 | 0.01 | 100 | Ultrashort Bond | CVSA vs SGOV | |
| PIMCO Enhanced Short Maturity Active ETF | 0.03 | 0.06 | 0.07 | 100 | Ultrashort Bond | CVSA vs MINT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.10 | 0.28 | 0.29 | 64 | Nasdaq-100, Derivative Income | CVSA vs JEPQ | |
| iShares Core S&P 500 ETF | 0.15 | 0.31 | 0.34 | 60 | S&P 500 | CVSA vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVSA and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.04 | 0.09 | 0.14 | 75 | Healthcare | |
| Broadcom Inc. | -0.03 | 0.21 | 0.23 | 71 | Technology | |
| VEON Ltd. | -0.01 | 0.03 | 0.08 | 59 | Communication Services | |
| Nebius Group N.V. | -0.01 | 0.13 | 0.13 | 96 | Communication Services | |
| GE Vernova Inc. | -0.01 | 0.23 | 0.23 | 89 | Industrials |
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