Looking to balance out your exposure to CRGY? The ETFs below have the lowest correlation with CRGY — they tend to move on their own, which can help reduce risk when CRGY drops. The stock ideas table highlights individual companies that behave independently from CRGY.
Best Diversifiers for CRGY
1 ETFs have low correlation with CRGY (below 0.3), 1 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 -0.06, down from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | 0.15 | — | 65 | S&P 500 | CRGY vs SPY | |
| State Street Energy Select Sector SPDR ETF | 0.72 | 0.69 | — | 59 | Energy Equities | CRGY vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRGY and solid risk/return profiles. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.03 | -0.03 | 0.03 | 62 | Healthcare | |
| AbbVie Inc. | -0.00 | 0.05 | — | 81 | Healthcare | |
| Philip Morris International Inc. | 0.02 | 0.01 | 0.08 | 52 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.05 | 0.11 | — | 53 | Financial Services | |
| Bloom Energy Corporation | 0.06 | 0.17 | 0.24 | 98 | Industrials |
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