Looking to balance out your exposure to CX? The ETFs below have the lowest correlation with CX — they tend to move on their own, which can help reduce risk when CX drops. The stock ideas table highlights individual companies that behave independently from CX.
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 0.41, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.41 | 0.40 | 0.45 | 73 | Nasdaq-100 | CX vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.43 | 0.39 | — | 74 | Nasdaq-100, Derivative Income | CX vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.45 | 0.51 | 70 | S&P 500 | CX vs SPY | |
| Columbia International Equity Income ETF | 0.46 | 0.47 | 0.53 | 57 | Foreign Large Cap Equities | CX vs INEQ | |
| Vanguard S&P 500 ETF | 0.46 | 0.45 | 0.51 | 70 | S&P 500 | CX vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.05 | 0.10 | 0.19 | 85 | Energy | |
| AbbVie Inc. | 0.02 | 0.08 | 0.10 | 62 | Healthcare | |
| Eli Lilly and Company | 0.04 | 0.12 | 0.12 | 72 | Healthcare | |
| The Coca-Cola Company | 0.04 | 0.05 | 0.14 | 66 | Consumer Defensive | |
| Walmart Inc. | 0.11 | 0.11 | 0.14 | 63 | Consumer Defensive |
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