Looking to balance out your exposure to CRCL? The ETFs below have the lowest correlation with CRCL — they tend to move on their own, which can help reduce risk when CRCL drops. The stock ideas table highlights individual companies that behave independently from CRCL.
Best Diversifiers for CRCL
2 ETFs have low correlation with CRCL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.06 | 0.06 | 0.06 | 100 | Ultrashort Bond | CRCL vs SGOV | |
| Vanguard Energy ETF | 0.07 | 0.07 | 0.07 | 71 | Energy Equities | CRCL vs VDE | |
| Invesco QQQ ETF | 0.37 | 0.37 | 0.37 | 74 | Nasdaq-100 | CRCL vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRCL and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.12 | -0.12 | -0.12 | 81 | Consumer Defensive | |
| Eli Lilly and Company | -0.05 | -0.05 | -0.05 | 75 | Healthcare | |
| Cardinal Health, Inc. | 0.05 | 0.05 | 0.05 | 73 | Healthcare | |
| Carpenter Technology Corporation | 0.13 | 0.13 | 0.13 | 89 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.14 | 0.14 | 0.14 | 95 | Technology |
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