Looking to balance out your exposure to CRCT? The ETFs below have the lowest correlation with CRCT — they tend to move on their own, which can help reduce risk when CRCT drops. The stock ideas table highlights individual companies that behave independently from CRCT.
Best Diversifiers for CRCT
2 ETFs have low correlation with CRCT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.26, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.26 | 0.26 | 0.29 | 74 | Nasdaq-100 | CRCT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.29 | 0.29 | 74 | S&P 500 | CRCT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRCT and solid risk/return profiles. The least correlated is Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of 0.10, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | 0.10 | 0.15 | 0.19 | 77 | Technology | |
| Dell Technologies Inc. | 0.16 | 0.14 | 0.15 | 96 | Technology | |
| Seagate Technology plc | 0.20 | 0.16 | 0.18 | 99 | Technology | |
| IonQ, Inc. | 0.22 | 0.25 | 0.29 | 64 | Technology | |
| Rigetti Computing Inc | 0.23 | 0.23 | 0.20 | 70 | Technology |
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