Looking to balance out your exposure to CRC? The ETFs below have the lowest correlation with CRC — they tend to move on their own, which can help reduce risk when CRC drops. The stock ideas table highlights individual companies that behave independently from CRC.
Best Diversifiers for CRC
0 ETFs have low correlation with CRC (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.36, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.41 | 0.43 | 80 | Dividend | CRC vs SCHD | |
| State Street Energy Select Sector SPDR ETF | 0.64 | 0.64 | 0.67 | 63 | Energy Equities | CRC vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRC and solid risk/return profiles. The least correlated is SPX Corporation (SPXC) (Industrials) with a 1Y correlation of -0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SPX Corporation | -0.11 | 0.19 | 0.24 | 75 | Industrials | |
| General Electric Company | -0.02 | 0.16 | 0.26 | 65 | Industrials | |
| Hubbell Incorporated | -0.01 | 0.18 | 0.24 | 66 | Industrials | |
| Sandisk Corp | -0.01 | — | — | 100 | Technology | |
| EMCOR Group, Inc. | -0.00 | 0.21 | 0.28 | 83 | Industrials |
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