Looking to balance out your exposure to CYTK? The ETFs below have the lowest correlation with CYTK — they tend to move on their own, which can help reduce risk when CYTK drops. The stock ideas table highlights individual companies that behave independently from CYTK.
Best Diversifiers for CYTK
4 ETFs have low correlation with CYTK (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.17, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.17 | 0.15 | 0.22 | 94 | Semiconductors, Technology Equities | CYTK vs SMH | |
| Invesco QQQ ETF | 0.21 | 0.20 | 0.28 | 64 | Nasdaq-100 | CYTK vs QQQ | |
| Vanguard S&P 500 ETF | 0.27 | 0.26 | 0.32 | 68 | S&P 500 | CYTK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.26 | 0.31 | 67 | S&P 500 | CYTK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CYTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CYTK and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of 0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | 0.04 | 0.11 | 0.15 | 83 | Consumer Defensive | |
| AXT, Inc. | 0.06 | 0.13 | 0.18 | 99 | Technology | |
| Novanta Inc. | 0.11 | 0.19 | 0.27 | 57 | Technology | |
| Medpace Holdings, Inc. | 0.12 | 0.23 | 0.29 | 79 | Healthcare | |
| Sandisk Corporation | 0.15 | 0.14 | 0.14 | 100 | Technology |
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