Looking to balance out your exposure to COR? The ETFs below have the lowest correlation with COR — they tend to move on their own, which can help reduce risk when COR drops. The stock ideas table highlights individual companies that behave independently from COR.
Best Diversifiers for COR
29 ETFs have low correlation with COR (below 0.3), 11 of which are negatively correlated. The least correlated is Fidelity Clean Energy ETF (FRNW) (Alternative Energy Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Clean Energy ETF | -0.15 | -0.09 | — | 52 | Alternative Energy Equities | COR vs FRNW | |
| Invesco QQQ ETF | -0.12 | -0.06 | 0.08 | 53 | Nasdaq-100 | COR vs QQQ | |
| VanEck Semiconductor ETF | -0.10 | -0.09 | 0.03 | 90 | Semiconductors, Technology Equities | COR vs SMH | |
| Invesco BulletShares 2028 Municipal Bond ETF | -0.09 | 0.04 | 0.02 | 90 | Municipal Bonds | COR vs BSMS | |
| Wahed FTSE USA Shariah ETF | -0.07 | -0.03 | 0.16 | 82 | Large Cap Growth Equities | COR vs HLAL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COR and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.16, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.16 | -0.12 | 0.02 | 56 | Consumer Cyclical | |
| Credo Technology Group Holding Ltd | -0.15 | -0.11 | -0.05 | 77 | Technology | |
| First Solar, Inc. | -0.12 | -0.07 | 0.02 | 61 | Technology | |
| Tesla, Inc. | -0.12 | -0.11 | -0.01 | 59 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.12 | -0.12 | -0.03 | 89 | Technology |
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Build a portfolio that complements COR
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