Looking to diversify beyond CCNR? The ETFs below have the lowest correlation with CCNR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CCNR.
Best Diversifiers for CCNR
448 ETFs have low correlation with CCNR (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.34 | -0.34 | 53 | Cryptocurrency | CCNR vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 65 | Inverse Equities, Leveraged Equities | CCNR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 56 | Inverse Equities | CCNR vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | CCNR vs WNTR | |
| ProShares UltraShort Yen | -0.17 | — | — | 72 | Leveraged Currency | CCNR vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCNR and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.32, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.32 | 0.40 | 0.40 | 99 | Technology | |
| Seagate Technology plc | 0.33 | 0.36 | 0.36 | 99 | Technology | |
| Western Digital Corporation | 0.34 | 0.38 | 0.38 | 99 | Technology | |
| Lumentum Holdings Inc. | 0.35 | — | — | 99 | Technology | |
| Sandisk Corporation | 0.36 | — | — | 100 | Technology |
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