Looking to balance out your exposure to CYTK? The ETFs below have historically moved differently from CYTK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CYTK
3 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 0.23, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.23 | 0.16 | 0.22 | 87 | Semiconductors, Technology Equities | CYTK vs SMH | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.26 | 0.32 | 67 | S&P 500 | CYTK vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.26 | 0.32 | 68 | S&P 500 | CYTK vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CYTK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | 0.02 | 0.08 | 0.13 | 87 | Consumer Defensive | |
| AXT, Inc. | 0.07 | 0.13 | 0.18 | 99 | Technology | |
| Novanta Inc. | 0.12 | 0.20 | 0.28 | 57 | Technology | |
| Medpace Holdings, Inc. | 0.13 | 0.23 | 0.29 | 68 | Healthcare | |
| Saia, Inc. | 0.14 | 0.18 | 0.20 | 56 | Industrials |
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