Looking to balance out your exposure to CYD? The ETFs below have the lowest correlation with CYD — they tend to move on their own, which can help reduce risk when CYD drops. The stock ideas table highlights individual companies that behave independently from CYD.
Best Diversifiers for CYD
3 ETFs have low correlation with CYD (below 0.3), 0 of which are negatively correlated. The least correlated is KraneShares Bosera MSCI China A Share ETF (KBA) (China Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KraneShares Bosera MSCI China A Share ETF | 0.24 | 0.14 | 0.18 | 85 | China Equities | CYD vs KBA | |
| Xtrackers Harvest CSI 300 China A-Shares Fund | 0.27 | 0.15 | 0.19 | 75 | China Equities | CYD vs ASHR | |
| Invesco QQQ ETF | 0.29 | 0.17 | 0.25 | 73 | Nasdaq-100 | CYD vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.32 | 0.18 | 0.27 | 75 | Momentum, S&P 500 | CYD vs SPMO | |
| iShares MSCI Emerging Markets ex China ETF | 0.36 | 0.19 | 0.27 | 91 | Emerging Markets Equities | CYD vs EMXC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CYD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CYD and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.04 | -0.02 | 0.09 | 51 | Financial Services | |
| Altria Group, Inc. | -0.04 | -0.03 | 0.04 | 69 | Consumer Defensive | |
| Sprott Physical Gold Trust | 0.19 | 0.08 | 0.05 | 70 | Financial Services | |
| Tesla, Inc. | 0.19 | 0.10 | 0.17 | 55 | Consumer Cyclical | |
| Ituran Location and Control Ltd. | 0.21 | 0.14 | 0.17 | 88 | Technology |
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