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
6 ETFs have low correlation with CORT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.21, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.21 | 0.28 | 0.30 | 62 | Momentum, S&P 500 | CORT vs SPMO | |
| iShares MSCI Austria ETF | 0.22 | 0.19 | 0.21 | 81 | Europe Equities | CORT vs EWO | |
| iShares MSCI Europe Financials ETF | 0.22 | 0.21 | 0.22 | 55 | Financials Equities | CORT vs EUFN | |
| iShares MSCI Spain ETF | 0.23 | 0.20 | 0.23 | 78 | Europe Equities | CORT vs EWP | |
| First Trust STOXX European Select Dividend Index F... | 0.25 | 0.23 | 0.23 | 67 | Europe Equities, Dividend | CORT vs FDD |
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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 Kosmos Energy Ltd. (KOS) (Energy) with a 1Y correlation of -0.09, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kosmos Energy Ltd. | -0.09 | 0.03 | 0.10 | 52 | Energy | |
| Berkshire Hathaway Inc. | -0.06 | 0.10 | 0.14 | 53 | Financial Services | |
| Arch Capital Group Ltd. | -0.05 | 0.04 | 0.07 | 68 | Financial Services | |
| Emera Inc | -0.04 | -0.03 | -0.03 | 86 | Utilities | |
| Murphy USA Inc. | 0.01 | 0.10 | 0.16 | 77 | Consumer Cyclical |
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Build a portfolio that complements CORT
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