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
2184 ETFs have low correlation with CCRV (below 0.3), 1981 of which are negatively correlated. The least correlated is Calamos S&P 500 Structured Alt Protection ETF - August (CPSA) (Defined Outcome) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Au... | -0.23 | 0.07 | 0.07 | 94 | Defined Outcome | CCRV vs CPSA | |
| Xtrackers Low Beta High Yield Bond ETF | -0.21 | 0.05 | 0.12 | 64 | High Yield Bonds | CCRV vs HYDW | |
| American Century Short Duration Strategic Income E... | -0.20 | -0.08 | -0.06 | 90 | Short-Term Bond | CCRV vs SDSI | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -0.19 | 0.10 | 0.10 | 94 | Defined Outcome | CCRV vs CPSJ | |
| Angel Oak Ultrashort Income ETF | -0.18 | -0.08 | -0.05 | 99 | Ultrashort Bond | CCRV vs UYLD |
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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 -0.11, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.11 | -0.00 | 0.00 | 72 | Healthcare | |
| Quanta Services, Inc. | -0.02 | 0.13 | 0.18 | 94 | Industrials | |
| NVIDIA Corporation | 0.01 | 0.07 | 0.09 | 82 | Technology | |
| Arista Networks, Inc. | 0.03 | 0.09 | 0.10 | 82 | Technology |
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