Looking to diversify beyond CRAK? The ETFs below have historically moved differently from CRAK, 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 CRAK
2035 ETFs have low correlation with CRAK (below 0.3), 257 of which are negatively correlated. The least correlated is IQ MacKay Municipal Insured ETF (MMIN) (Municipal Bonds) with a 1Y correlation of -0.19, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| IQ MacKay Municipal Insured ETF | -0.19 | -0.02 | -0.02 | 83 | Municipal Bonds | CRAK vs MMIN | |
| Fidelity Municipal Bond Opportunities ETF | -0.19 | — | — | 76 | Municipal Bonds | CRAK vs FMUB | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.18 | 0.00 | 0.02 | 77 | Municipal Bonds | CRAK vs RVNU | |
| Invesco BulletShares 2030 Municipal Bond ETF | -0.18 | -0.01 | -0.02 | 55 | Municipal Bonds | CRAK vs BSMU | |
| Invesco New York AMT-Free Municipal Bond ETF | -0.18 | 0.03 | 0.02 | 70 | Municipal Bonds | CRAK vs PZT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRAK, 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 Indivior PLC Ordinary Shares (INDV) (Healthcare) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Indivior PLC Ordinary Shares | -0.13 | 0.12 | 0.10 | 95 | Healthcare | |
| CareTrust REIT, Inc. | -0.07 | 0.08 | 0.18 | 84 | Real Estate | |
| The Coca-Cola Company | -0.05 | 0.05 | 0.14 | 90 | Consumer Defensive | |
| Monster Beverage Corporation | -0.04 | 0.09 | 0.15 | 94 | Consumer Defensive | |
| Johnson & Johnson | -0.02 | 0.10 | 0.10 | 97 | Healthcare |
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