Looking to diversify beyond CRCO? The ETFs below have the lowest correlation with CRCO — 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 CRCO.
Best Diversifiers for CRCO
0 ETFs have low correlation with CRCO (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax Semiconductor Portfolio Option Income ETF (CHPY) (Derivative Income) with a 1Y correlation of 0.36, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 0.36 | 0.36 | 0.36 | 91 | Derivative Income, Semiconductors | CRCO vs CHPY | |
| Invesco S&P 500 BuyWrite ETF | 0.42 | 0.42 | 0.42 | 90 | Derivative Income, S&P 500 | CRCO vs PBP |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRCO and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.22 | -0.22 | -0.22 | 84 | Consumer Defensive |
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