Looking to balance out your exposure to CRCT? The ETFs below have historically moved differently from CRCT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CRCT
1 ETFs have low correlation with CRCT (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 0.25, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.28 | 0.29 | 67 | S&P 500 | CRCT vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRCT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Arista Networks, Inc. (ANET) (Technology) with a 1Y correlation of 0.02, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arista Networks, Inc. | 0.02 | 0.12 | 0.18 | 71 | Technology | |
| Seagate Technology plc | 0.05 | 0.13 | 0.16 | 99 | Technology | |
| Western Digital Corporation | 0.08 | 0.14 | 0.14 | 99 | Technology | |
| Dell Technologies Inc. | 0.11 | 0.10 | 0.14 | 96 | Technology | |
| Everpure, Inc. | 0.14 | 0.16 | 0.23 | 61 | Technology |
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