Looking to balance out your exposure to CYDY? The ETFs below have the lowest correlation with CYDY — they tend to move on their own, which can help reduce risk when CYDY drops. The stock ideas table highlights individual companies that behave independently from CYDY.
Best Diversifiers for CYDY
1 ETFs have low correlation with CYDY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.10, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.10 | 0.08 | 0.14 | 66 | S&P 500 | CYDY vs SPY |
Diversification Analysis
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