Looking to balance out your exposure to COR? The ETFs below have historically moved differently from COR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for COR
30 ETFs have low correlation with COR (below 0.3), 13 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.17, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.17 | -0.08 | 0.07 | 54 | Nasdaq-100 | COR vs QQQ | |
| VanEck Semiconductor ETF | -0.16 | -0.11 | 0.01 | 87 | Semiconductors, Technology Equities | COR vs SMH | |
| iShares Semiconductor ETF | -0.15 | -0.12 | 0.01 | 89 | Semiconductors, Technology Equities | COR vs SOXX | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | -0.13 | -0.03 | 0.11 | 51 | Infrastructure Equities, Alternative Energy Equities, Energy Equities | COR vs GRID | |
| Invesco S&P 500 Equal Weight Technology ETF | -0.10 | -0.04 | 0.09 | 83 | Technology Equities, S&P 500, Equal Weight | COR vs RSPT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.19, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.19 | -0.12 | -0.06 | 76 | Technology | |
| Rambus Inc. | -0.18 | -0.12 | -0.00 | 59 | Technology | |
| Amazon.com, Inc | -0.16 | -0.12 | 0.00 | 68 | Consumer Cyclical | |
| Enphase Energy, Inc. | -0.16 | -0.06 | 0.02 | 55 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.16 | -0.13 | -0.04 | 89 | Technology |
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