Looking to balance out your exposure to CRK? The ETFs below have the lowest correlation with CRK — they tend to move on their own, which can help reduce risk when CRK drops. The stock ideas table highlights individual companies that behave independently from CRK.
Best Diversifiers for CRK
3 ETFs have low correlation with CRK (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.09 | 0.09 | 0.19 | 76 | Technology Equities | CRK vs VGT | |
| Vanguard Russell 2000 ETF | -0.02 | 0.25 | 0.34 | 69 | Small Cap Blend Equities | CRK vs VTWO | |
| iShares Convertible Bond ETF | 0.03 | 0.21 | 0.26 | 88 | Preferred Stock/Convertible Bonds | CRK vs ICVT | |
| United States Oil Fund LP | 0.35 | 0.29 | 0.33 | 66 | Oil & Gas | CRK vs USO | |
| State Street Energy Select Sector SPDR ETF | 0.39 | 0.44 | 0.51 | 70 | Energy Equities | CRK vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRK and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.10 | 0.05 | 0.13 | 80 | Technology | |
| Frontline Ltd. | -0.08 | 0.16 | 0.25 | 89 | Energy | |
| DHT Holdings, Inc. | -0.05 | 0.18 | 0.24 | 82 | Energy | |
| British American Tobacco p.l.c. | -0.04 | 0.04 | 0.12 | 77 | Consumer Defensive | |
| Nordic American Tankers Limited | -0.02 | 0.18 | 0.26 | 94 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CRK
Add CRK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CRK