Looking to diversify beyond CORO? The ETFs below have historically moved differently from CORO, 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 CORO
348 ETFs have low correlation with CORO (below 0.3), 82 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | — | — | 61 | Cryptocurrency | CORO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CORO vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 52 | Inverse Equities | CORO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | CORO vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | -0.39 | -0.39 | 75 | Derivative Income | CORO vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CORO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.16 | -0.16 | 66 | Consumer Defensive |
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