Looking to balance out your exposure to CRDL? The ETFs below have the lowest correlation with CRDL — they tend to move on their own, which can help reduce risk when CRDL drops. The stock ideas table highlights individual companies that behave independently from CRDL.
Best Diversifiers for CRDL
0 ETFs have low correlation with CRDL (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Autonomous Technology & Robotics ETF (ARKQ) (Technology Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Autonomous Technology & Robotics ETF | 0.35 | 0.28 | 0.34 | 62 | Technology Equities, Robotics | CRDL vs ARKQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRDL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.21, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.21 | 0.19 | 0.23 | 78 | Technology | |
| Lithium Americas Corp. | 0.22 | — | — | 71 | Basic Materials |
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