Looking to diversify beyond CVY? The ETFs below have the lowest correlation with CVY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CVY.
Best Diversifiers for CVY
465 ETFs have low correlation with CVY (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.14 | -0.09 | -0.06 | 63 | Leveraged Currency | CVY vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 98 | Inflation-Protected Bonds | CVY vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.00 | -0.02 | 100 | Government Bonds, Ultrashort Bond | CVY vs USFR | |
| State Street My2026 Municipal Bond ETF | -0.08 | 0.03 | 0.03 | 96 | Municipal Bonds | CVY vs MYMF | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.07 | — | — | 98 | Inflation-Protected Bonds | CVY vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVY and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of 0.13, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | 0.13 | 0.43 | 0.54 | 66 | Energy | |
| Verizon Communications Inc. | 0.14 | 0.21 | 0.26 | 62 | Communication Services | |
| Cisco Systems, Inc. | 0.20 | 0.35 | 0.46 | 96 | Technology | |
| Target Corporation | 0.46 | 0.46 | 0.49 | 72 | Consumer Defensive | |
| Capital Southwest Corporation | 0.55 | 0.49 | 0.54 | 78 | Financial Services |
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