Looking to balance out your exposure to CX? The ETFs below have historically moved differently from CX, 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 CX
0 ETFs have low correlation with CX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.44, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.44 | 0.41 | 0.46 | 58 | Nasdaq-100 | CX vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.46 | 0.41 | — | 66 | Nasdaq-100, Derivative Income | CX vs JEPQ | |
| Columbia International Equity Income ETF | 0.47 | 0.47 | 0.52 | 81 | Dividend, Foreign Large Cap Equities | CX vs INEQ | |
| Vanguard S&P 500 ETF | 0.48 | 0.46 | 0.51 | 78 | S&P 500 | CX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.46 | 0.51 | 78 | S&P 500 | CX vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.15, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.15 | 0.07 | 0.19 | 68 | Energy | |
| Exxon Mobil Corporation | -0.11 | 0.07 | 0.16 | 85 | Energy | |
| AbbVie Inc. | -0.08 | 0.08 | 0.09 | 76 | Healthcare | |
| The Coca-Cola Company | -0.06 | 0.02 | 0.12 | 87 | Consumer Defensive | |
| Eli Lilly and Company | 0.01 | 0.11 | 0.11 | 79 | Healthcare |
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