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
6 ETFs have low correlation with CVSA (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Options Trading) with a 1Y correlation of 0.01, down from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.01 | 0.18 | — | 52 | Options Trading | CVSA vs NVDY | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.02 | 0.00 | 100 | Ultrashort Bond | CVSA vs SGOV | |
| PIMCO Enhanced Short Maturity Active ETF | 0.04 | 0.04 | 0.07 | 100 | Ultrashort Bond | CVSA vs MINT | |
| iShares Core S&P U.S. Growth ETF | 0.11 | 0.29 | 0.32 | 59 | Large Cap Growth Equities | CVSA vs IUSG | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.13 | 0.29 | 0.30 | 74 | Nasdaq-100, Derivative Income | CVSA vs JEPQ |
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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 -0.06, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | 0.08 | 0.14 | 72 | Healthcare | |
| AstraZeneca PLC | -0.03 | 0.03 | 0.09 | 70 | Healthcare | |
| Bezeq Corp Ltd | -0.01 | 0.01 | -0.05 | 94 | Communication Services | |
| Broadcom Inc. | -0.01 | 0.22 | 0.24 | 84 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.01 | 0.16 | 0.18 | 95 | Technology |
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