Looking to balance out your exposure to CRL? The ETFs below have the lowest correlation with CRL — they tend to move on their own, which can help reduce risk when CRL drops. The stock ideas table highlights individual companies that behave independently from CRL.
Best Diversifiers for CRL
1 ETFs have low correlation with CRL (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.30, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.30 | 0.36 | 0.47 | 59 | Nasdaq-100 | CRL vs QQQ | |
| JPMorgan Flexible Income ETF | 0.37 | — | — | 70 | Global Allocation | CRL vs JFLI | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.46 | 0.53 | 59 | S&P 500 | CRL vs SPY | |
| Vanguard S&P 500 ETF | 0.40 | 0.46 | 0.53 | 59 | S&P 500 | CRL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRL and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | 0.02 | 0.10 | 0.14 | 65 | Energy | |
| Embotelladora Andina S.A | 0.03 | 0.03 | 0.04 | 57 | Consumer Defensive | |
| CVS Health Corporation | 0.06 | 0.14 | 0.19 | 85 | Healthcare | |
| PepsiCo, Inc. | 0.07 | 0.14 | 0.18 | 61 | Consumer Defensive | |
| Halliburton Company | 0.11 | 0.18 | 0.18 | 88 | Energy |
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