Looking to balance out your exposure to CRL? The ETFs below have historically moved differently from CRL, 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 CRL
0 ETFs have low correlation with CRL (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Flexible Income ETF | 0.33 | — | — | 74 | Global Allocation | CRL vs JFLI | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.46 | 0.52 | 67 | S&P 500 | CRL vs SPY | |
| Vanguard S&P 500 ETF | 0.37 | 0.46 | 0.52 | 68 | S&P 500 | CRL vs VOO | |
| State Street Health Care Select Sector SPDR ETF | 0.46 | 0.49 | 0.52 | 72 | Health & Biotech Equities | CRL vs XLV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRL, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.11 | 0.07 | 0.12 | 72 | Energy | |
| CF Industries Holdings, Inc. | -0.04 | 0.06 | 0.07 | 72 | Basic Materials | |
| Valero Energy Corporation | 0.00 | 0.14 | 0.15 | 98 | Energy | |
| Halliburton Company | 0.00 | 0.16 | 0.17 | 79 | Energy | |
| Phillips 66 | 0.01 | 0.17 | 0.17 | 94 | Energy |
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