Looking to balance out your exposure to CZMWY? The ETFs below have the lowest correlation with CZMWY — they tend to move on their own, which can help reduce risk when CZMWY drops. The stock ideas table highlights individual companies that behave independently from CZMWY.
Best Diversifiers for CZMWY
1 ETFs have low correlation with CZMWY (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, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.21 | 0.26 | 0.30 | 80 | Dividend | CZMWY vs SCHD |
Diversification Analysis
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