Looking to balance out your exposure to CCK? The ETFs below have the lowest correlation with CCK — they tend to move on their own, which can help reduce risk when CCK drops. The stock ideas table highlights individual companies that behave independently from CCK.
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 0.22, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.32 | 0.44 | 66 | S&P 500 | CCK vs VOO | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.32 | 0.44 | 66 | S&P 500 | CCK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCK and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.04 | 0.15 | 0.19 | 64 | Basic Materials | |
| Archer-Daniels-Midland Company | 0.08 | 0.22 | 0.29 | 90 | Consumer Defensive | |
| Bunge Limited | 0.13 | 0.21 | 0.28 | 89 | Consumer Defensive | |
| The Chefs' Warehouse, Inc. | 0.17 | 0.24 | 0.28 | 81 | Consumer Defensive | |
| Corteva, Inc. | 0.19 | 0.34 | 0.39 | 66 | Basic Materials |
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