Looking to balance out your exposure to CYH? The ETFs below have the lowest correlation with CYH — they tend to move on their own, which can help reduce risk when CYH drops. The stock ideas table highlights individual companies that behave independently from CYH.
Best Diversifiers for CYH
3 ETFs have low correlation with CYH (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.21, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.21 | 0.37 | 0.43 | 83 | Dividend | CYH vs SCHD | |
| Vanguard S&P 500 ETF | 0.29 | 0.33 | 0.40 | 68 | S&P 500 | CYH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.33 | 0.40 | 67 | S&P 500 | CYH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CYH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CYH and solid risk/return profiles. The least correlated is Brookdale Senior Living Inc. (BKD) (Healthcare) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookdale Senior Living Inc. | 0.17 | 0.31 | 0.37 | 89 | Healthcare | |
| DaVita Inc. | 0.21 | 0.25 | 0.34 | 84 | Healthcare | |
| Welltower Inc. | 0.24 | 0.24 | 0.31 | 92 | Real Estate | |
| National HealthCare Corporation | 0.24 | 0.23 | 0.27 | 97 | Healthcare | |
| The Ensign Group, Inc. | 0.25 | 0.31 | 0.37 | 61 | Healthcare |
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