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
1830 ETFs have low correlation with CRAK (below 0.3), 233 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 -0.17, 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 | -0.17 | 0.04 | 0.02 | 68 | Municipal Bonds | CRAK vs PZT | |
| IQ MacKay Municipal Insured ETF | -0.16 | -0.00 | -0.02 | 84 | Municipal Bonds | CRAK vs MMIN | |
| Invesco BulletShares 2030 Municipal Bond ETF | -0.16 | 0.01 | -0.02 | 68 | Municipal Bonds | CRAK vs BSMU | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.16 | 0.02 | 0.01 | 84 | Municipal Bonds | CRAK vs RVNU | |
| Fidelity Municipal Bond Opportunities ETF | -0.15 | — | — | 84 | Municipal Bonds | CRAK vs FMUB |
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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 Indivior PLC Ordinary Shares (INDV) (Healthcare) with a 1Y correlation of -0.11, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Indivior PLC Ordinary Shares | -0.11 | 0.13 | 0.10 | 98 | Healthcare | |
| CareTrust REIT, Inc. | -0.08 | 0.08 | 0.18 | 83 | Real Estate | |
| The Coca-Cola Company | -0.04 | 0.06 | 0.15 | 82 | Consumer Defensive | |
| Monster Beverage Corporation | -0.01 | 0.11 | 0.16 | 93 | Consumer Defensive | |
| Johnson & Johnson | -0.01 | 0.10 | 0.11 | 97 | Healthcare |
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