Looking to diversify beyond CRDU? The ETFs below have historically moved differently from CRDU, 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 CRDU
1 ETFs have low correlation with CRDU (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily S&P Biotech Bull 3x Shares (LABU) (Leveraged Equities) with a 1Y correlation of 0.29, 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 |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Biotech Bull 3x Shares | 0.29 | 0.29 | 0.29 | 94 | Leveraged Equities | CRDU vs LABU | |
| Leverage Shares 2X Long ASML Daily ETF | 0.51 | 0.51 | 0.51 | 93 | Leveraged Equities | CRDU vs ASMG |
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