Looking to balance out your exposure to CRBP? The ETFs below have the lowest correlation with CRBP — they tend to move on their own, which can help reduce risk when CRBP drops. The stock ideas table highlights individual companies that behave independently from CRBP.
Best Diversifiers for CRBP
1 ETFs have low correlation with CRBP (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.20, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.24 | 0.24 | 74 | S&P 500 | CRBP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRBP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRBP and solid risk/return profiles. The least correlated is AST SpaceMobile, Inc. (ASTS) (Communication Services) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.04 | 0.16 | 0.17 | 89 | Communication Services | |
| HSBC Holdings plc | 0.17 | 0.15 | 0.15 | 90 | Financial Services |
Build a portfolio that complements CRBP
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