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
462 ETFs have low correlation with CVY (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.29 | -0.32 | 57 | Cryptocurrency | CVY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CVY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 68 | Inverse Equities, Leveraged Equities | CVY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 60 | Inverse Equities | CVY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | CVY vs WNTR |
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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 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | 0.13 | 0.41 | 0.52 | 82 | Energy | |
| Verizon Communications Inc. | 0.13 | 0.21 | 0.26 | 57 | Communication Services | |
| Cisco Systems, Inc. | 0.19 | 0.34 | 0.45 | 94 | Technology | |
| Target Corporation | 0.38 | 0.44 | 0.48 | 75 | Consumer Defensive | |
| Capital Southwest Corporation | 0.52 | 0.49 | 0.54 | 66 | Financial Services |
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