Looking to balance out your exposure to CRK? The ETFs below have historically moved differently from CRK, 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 CRK
4 ETFs have low correlation with CRK (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.08, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.08 | 0.08 | 0.18 | 52 | Technology Equities | CRK vs VGT | |
| Vanguard Russell 2000 ETF | 0.01 | 0.22 | 0.33 | 79 | Small Cap Blend Equities | CRK vs VTWO | |
| iShares Convertible Bond ETF | 0.03 | 0.18 | 0.24 | 60 | Convertible Bonds | CRK vs ICVT | |
| VanEck Oil Services ETF | 0.25 | 0.34 | 0.44 | 80 | Energy Equities | CRK vs OIH | |
| United States Oil Fund LP | 0.35 | 0.28 | 0.33 | 55 | Oil & Gas | CRK vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Frontline Ltd. (FRO) (Industrials) with a 1Y correlation of -0.13, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.13 | 0.12 | 0.23 | 96 | Industrials | |
| DHT Holdings, Inc. | -0.12 | 0.13 | 0.22 | 93 | Industrials | |
| NVIDIA Corporation | -0.10 | 0.06 | 0.13 | 56 | Technology | |
| Nordic American Tankers Limited | -0.06 | 0.14 | 0.23 | 98 | Industrials | |
| British American Tobacco p.l.c. | -0.01 | 0.03 | 0.13 | 69 | Consumer Defensive |
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