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
6 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 0.23, 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 | 0.23 | 0.29 | 0.37 | 88 | Large Cap Value Equities | CMRE vs MGV | |
| Invesco QQQ ETF | 0.25 | 0.25 | 0.32 | 59 | Nasdaq-100 | CMRE vs QQQ | |
| Vanguard S&P 500 Value ETF | 0.26 | 0.28 | 0.38 | 65 | Large Cap Value Equities, S&P 500 | CMRE vs VOOV | |
| State Street SPDR Dow Jones Industrial Average ETF... | 0.27 | 0.28 | 0.36 | 57 | Large Cap Blend Equities | CMRE vs DIA | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.29 | 0.37 | 60 | S&P 500 | CMRE vs SPY |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.04, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.04 | 0.16 | 0.29 | 74 | Energy | |
| Eversource Energy | 0.00 | 0.02 | 0.04 | 63 | Utilities | |
| Verizon Communications Inc. | 0.00 | 0.02 | 0.09 | 62 | Communication Services | |
| Enterprise Products Partners L.P. | 0.02 | 0.16 | 0.29 | 81 | Energy | |
| Permian Resources Corporation | 0.04 | 0.25 | 0.31 | 74 | Energy |
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