Looking to balance out your exposure to CMRE? The ETFs below have the lowest correlation with CMRE — they tend to move on their own, which can help reduce risk when CMRE drops. The stock ideas table highlights individual companies that behave independently from CMRE.
Best Diversifiers for CMRE
4 ETFs have low correlation with CMRE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Mega Cap Value ETF (MGV) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Mega Cap Value ETF | 0.22 | 0.30 | 0.37 | 82 | Large Cap Value Equities | CMRE vs MGV | |
| Invesco QQQ ETF | 0.24 | 0.26 | 0.32 | 73 | Nasdaq-100 | CMRE vs QQQ | |
| Vanguard S&P 500 ETF | 0.27 | 0.30 | 0.37 | 70 | S&P 500 | CMRE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.30 | 0.37 | 70 | S&P 500 | CMRE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMRE and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.05 | 0.01 | 0.08 | 59 | Communication Services | |
| Exxon Mobil Corporation | -0.04 | 0.18 | 0.30 | 85 | Energy | |
| Eversource Energy | -0.03 | 0.01 | 0.03 | 51 | Utilities | |
| Enterprise Products Partners L.P. | 0.00 | 0.16 | 0.29 | 85 | Energy | |
| Kosmos Energy Ltd. | 0.02 | 0.22 | 0.32 | 63 | Energy |
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