Looking to balance out your exposure to CCK? The ETFs below have historically moved differently from CCK, 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 CCK
2 ETFs have low correlation with CCK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.21, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.21 | 0.32 | 0.44 | 68 | S&P 500 | CCK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.32 | 0.44 | 67 | S&P 500 | CCK vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CCK, 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 CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.08, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.08 | 0.14 | 0.18 | 72 | Basic Materials | |
| Archer-Daniels-Midland Company | 0.05 | 0.21 | 0.28 | 90 | Consumer Defensive | |
| Bunge Limited | 0.10 | 0.20 | 0.27 | 78 | Consumer Defensive | |
| Aura Minerals Inc. Common Shares | 0.17 | 0.18 | 0.18 | 85 | Basic Materials | |
| The Chefs' Warehouse, Inc. | 0.17 | 0.25 | 0.27 | 88 | Consumer Defensive |
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