Looking to balance out your exposure to CORT? The ETFs below have the lowest correlation with CORT — they tend to move on their own, which can help reduce risk when CORT drops. The stock ideas table highlights individual companies that behave independently from CORT.
Best Diversifiers for CORT
4 ETFs have low correlation with CORT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Austria ETF (EWO) (Europe Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Austria ETF | 0.25 | 0.20 | 0.22 | 83 | Europe Equities | CORT vs EWO | |
| iShares MSCI Spain ETF | 0.25 | 0.20 | 0.23 | 71 | Europe Equities | CORT vs EWP | |
| First Trust STOXX European Select Dividend Index F... | 0.28 | 0.24 | 0.24 | 60 | Europe Equities, Dividend | CORT vs FDD | |
| Invesco S&P 500 Momentum ETF | 0.29 | 0.31 | 0.31 | 68 | Momentum, S&P 500 | CORT vs SPMO | |
| iShares MSCI Poland ETF | 0.33 | 0.23 | 0.24 | 52 | Europe Equities | CORT vs EPOL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CORT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CORT and solid risk/return profiles. The least correlated is Emera Inc (EMA) (Utilities) with a 1Y correlation of -0.06, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Inc | -0.06 | -0.04 | -0.04 | 84 | Utilities | |
| Murphy USA Inc. | 0.02 | 0.11 | 0.16 | 66 | Consumer Cyclical | |
| Permian Resources Corporation | 0.02 | 0.09 | 0.13 | 75 | Energy | |
| Unum Group | 0.03 | 0.12 | 0.14 | 62 | Financial Services | |
| Coca-Cola Consolidated, Inc. | 0.04 | 0.11 | 0.14 | 85 | Consumer Defensive |
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Build a portfolio that complements CORT
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