Looking to diversify beyond CVY? The ETFs below have historically moved differently from CVY, 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 CVY
479 ETFs have low correlation with CVY (below 0.3), 46 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | CVY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | — | — | 52 | Inverse Equities | CVY vs SMST | |
| ProShares Short Bitcoin ETF | -0.31 | -0.29 | — | 61 | Cryptocurrency | CVY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CVY vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 75 | Derivative Income | CVY vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CVY, 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 The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of 0.11, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | 0.11 | 0.39 | 0.51 | 74 | Energy | |
| Verizon Communications Inc. | 0.17 | 0.22 | 0.27 | 66 | Communication Services | |
| Cisco Systems, Inc. | 0.18 | 0.34 | 0.44 | 93 | Technology | |
| Target Corporation | 0.36 | 0.44 | 0.48 | 84 | Consumer Defensive | |
| Capital Southwest Corporation | 0.52 | 0.49 | 0.54 | 68 | Financial Services |
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