Looking to balance out your exposure to CRM? The ETFs below have the lowest correlation with CRM — they tend to move on their own, which can help reduce risk when CRM drops. The stock ideas table highlights individual companies that behave independently from CRM.
Best Diversifiers for CRM
280 ETFs have low correlation with CRM (below 0.3), 53 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of -0.12, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | -0.12 | 0.25 | 0.41 | 93 | Semiconductors, Technology Equities | CRM vs PSI | |
| Xtrackers Semiconductor Select Equity ETF | -0.11 | 0.24 | 0.24 | 95 | Semiconductors, Technology Equities | CRM vs CHPS | |
| YieldMax Semiconductor Portfolio Option Income ETF | -0.11 | 0.02 | 0.02 | 94 | Derivative Income, Semiconductors | CRM vs CHPY | |
| First Trust Nasdaq Semiconductor ETF | -0.11 | 0.26 | 0.41 | 94 | Semiconductors, Technology Equities | CRM vs FTXL | |
| First Trust RBA American Industrial Renaissance ET... | -0.10 | 0.24 | 0.34 | 72 | Building & Construction | CRM vs AIRR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRM and solid risk/return profiles. The least correlated is Johnson Controls International plc (JCI) (Industrials) with a 1Y correlation of -0.26, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson Controls International plc | -0.26 | 0.17 | 0.29 | 81 | Industrials | |
| Eaton Corporation plc | -0.22 | 0.21 | 0.30 | 59 | Industrials | |
| Lam Research Corporation | -0.21 | 0.17 | 0.34 | 97 | Technology | |
| Comfort Systems USA, Inc. | -0.20 | 0.19 | 0.28 | 98 | Industrials | |
| Welltower Inc. | -0.19 | 0.04 | 0.13 | 92 | Real Estate |
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