Looking to diversify beyond CCRV? The ETFs below have the lowest correlation with CCRV — 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 CCRV.
Best Diversifiers for CCRV
2067 ETFs have low correlation with CCRV (below 0.3), 1643 of which are negatively correlated. The least correlated is VanEck Short High Yield Muni ETF (SHYD) (Municipal Bonds) with a 1Y correlation of -0.19, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Short High Yield Muni ETF | -0.19 | -0.01 | 0.02 | 63 | Municipal Bonds | CCRV vs SHYD | |
| Neuberger Berman Short Duration Income ETF | -0.17 | — | — | 92 | Short-Term Bond | CCRV vs NBSD | |
| Invesco BulletShares 2027 Corporate Bond ETF | -0.17 | -0.07 | -0.03 | 98 | Corporate Bonds | CCRV vs BSCR | |
| PGIM Ultra Short Bond ETF | -0.17 | -0.01 | -0.02 | 99 | Ultrashort Bond | CCRV vs PULS | |
| Calamos S&P 500 Structured Alt Protection ETF - Au... | -0.17 | — | — | 95 | Defined Outcome | CCRV vs CPSA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCRV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCRV and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.09, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.09 | 0.01 | 0.00 | 78 | Healthcare | |
| McKesson Corporation | 0.00 | -0.04 | 0.06 | 58 | Healthcare | |
| Quanta Services, Inc. | 0.03 | 0.12 | 0.18 | 89 | Industrials | |
| Arista Networks, Inc. | 0.06 | 0.10 | 0.10 | 79 | Technology | |
| NVIDIA Corporation | 0.08 | 0.07 | 0.09 | 70 | Technology |
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