Looking to diversify beyond CRAK? The ETFs below have the lowest correlation with CRAK — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CRAK.
Best Diversifiers for CRAK
1872 ETFs have low correlation with CRAK (below 0.3), 212 of which are negatively correlated. The least correlated is Invesco New York AMT-Free Municipal Bond ETF (PZT) (Municipal Bonds) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco New York AMT-Free Municipal Bond ETF | -0.14 | 0.04 | 0.02 | 56 | Municipal Bonds | CRAK vs PZT | |
| Roundhill Weekly T-Bill ETF | -0.14 | — | — | 99 | Ultrashort Bond | CRAK vs WEEK | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.13 | 0.02 | 0.01 | 65 | Municipal Bonds | CRAK vs RVNU | |
| Fidelity Low Duration Bond ETF | -0.13 | -0.04 | -0.04 | 98 | Short-Term Bond | CRAK vs FLDB | |
| IQ MacKay Municipal Insured ETF | -0.13 | -0.00 | -0.02 | 74 | Municipal Bonds | CRAK vs MMIN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRAK and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.11, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.11 | 0.27 | 0.42 | 94 | Energy | |
| Lumentum Holdings Inc. | 0.13 | 0.22 | 0.26 | 99 | Technology | |
| Micron Technology, Inc. | 0.14 | 0.26 | 0.32 | 99 | Technology | |
| Teradyne, Inc. | 0.14 | 0.25 | 0.33 | 98 | Technology | |
| Sandisk Corporation | 0.17 | — | — | 100 | Technology |
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