Looking to diversify beyond CRMX? The ETFs below have historically moved differently from CRMX, 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 CRMX
0 ETFs have low correlation with CRMX (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.49, roughly unchanged from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.49 | 0.49 | 0.49 | 90 | Leveraged Equities, Semiconductors | CRMX vs SOXL | |
| Direxion Daily S&P Biotech Bull 3x Shares | 0.50 | 0.50 | 0.50 | 94 | Leveraged Equities | CRMX vs LABU |
Diversification Analysis
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