Looking to balance out your exposure to CORT? The ETFs below have historically moved differently from CORT, 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 CORT
4 ETFs have low correlation with CORT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | 0.21 | 0.19 | 0.22 | 88 | Europe Equities | CORT vs EWP | |
| iShares MSCI Europe Financials ETF | 0.22 | 0.21 | 0.22 | 74 | Financials Equities | CORT vs EUFN | |
| iShares MSCI Austria ETF | 0.23 | 0.19 | 0.22 | 89 | Europe Equities | CORT vs EWO | |
| First Trust STOXX European Select Dividend Index F... | 0.25 | 0.22 | 0.23 | 91 | Europe Equities, Dividend | CORT vs FDD | |
| iShares MSCI Poland ETF | 0.32 | 0.23 | 0.23 | 79 | Europe Equities | CORT vs EPOL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CORT, 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 Kosmos Energy Ltd. (KOS) (Energy) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kosmos Energy Ltd. | -0.07 | 0.03 | 0.09 | 57 | Energy | |
| Radian Group Inc. | -0.06 | 0.13 | 0.19 | 73 | Financial Services | |
| Old Republic International Corporation | -0.06 | 0.13 | 0.16 | 77 | Financial Services | |
| Berkshire Hathaway Inc. | -0.05 | 0.09 | 0.14 | 61 | Financial Services | |
| Arch Capital Group Ltd. | -0.05 | 0.04 | 0.07 | 67 | Financial Services |
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