Looking to balance out your exposure to CRESY? The ETFs below have the lowest correlation with CRESY — they tend to move on their own, which can help reduce risk when CRESY drops. The stock ideas table highlights individual companies that behave independently from CRESY.
Best Diversifiers for CRESY
1 ETFs have low correlation with CRESY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Silver Trust (SLV) (Silver) with a 1Y correlation of 0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Silver Trust | 0.07 | 0.15 | 0.21 | 51 | Silver, Precious Metals | CRESY vs SLV | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.30 | 0.33 | 74 | S&P 500 | CRESY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRESY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRESY and solid risk/return profiles. The least correlated is Scorpio Tankers Inc. (STNG) (Energy) with a 1Y correlation of 0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Scorpio Tankers Inc. | 0.04 | 0.09 | 0.19 | 89 | Energy | |
| Sibanye Stillwater Limited | 0.05 | 0.19 | 0.25 | 74 | Basic Materials | |
| Frontline Ltd. | 0.11 | 0.15 | 0.22 | 89 | Energy | |
| TechnipFMC plc | 0.11 | 0.18 | 0.30 | 97 | Energy | |
| DHT Holdings, Inc. | 0.12 | 0.14 | 0.21 | 82 | Energy |
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