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
27 ETFs have low correlation with COR (below 0.3), 8 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.08 | -0.08 | 0.04 | 95 | Semiconductors, Technology Equities | COR vs SMH | |
| Invesco QQQ ETF | -0.06 | -0.05 | 0.10 | 64 | Nasdaq-100 | COR vs QQQ | |
| Invesco BulletShares 2028 Municipal Bond ETF | -0.06 | 0.04 | 0.01 | 85 | Municipal Bonds | COR vs BSMS | |
| SP Funds S&P 500 Sharia Industry Exclusions ETF | -0.04 | -0.02 | 0.14 | 67 | S&P 500 | COR vs SPUS | |
| Wahed FTSE USA Shariah ETF | -0.04 | -0.02 | 0.16 | 80 | 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.11, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.11 | -0.10 | -0.04 | 87 | Technology | |
| EOG Resources, Inc. | -0.10 | -0.05 | 0.11 | 59 | Energy | |
| First Solar, Inc. | -0.09 | -0.06 | 0.03 | 74 | Technology | |
| Tesla, Inc. | -0.09 | -0.10 | 0.00 | 53 | Consumer Cyclical | |
| Hawkins, Inc. | -0.09 | -0.03 | 0.12 | 57 | Basic Materials |
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Build a portfolio that complements COR
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