Looking to balance out your exposure to CRNC? The ETFs below have the lowest correlation with CRNC — they tend to move on their own, which can help reduce risk when CRNC drops. The stock ideas table highlights individual companies that behave independently from CRNC.
Best Diversifiers for CRNC
0 ETFs have low correlation with CRNC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.49, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.44 | 0.50 | 74 | S&P 500 | CRNC vs SPY | |
| Vanguard S&P 500 ETF | 0.49 | 0.44 | 0.50 | 74 | S&P 500 | CRNC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRNC and solid risk/return profiles. The least correlated is Tarsus Pharmaceuticals, Inc. (TARS) (Healthcare) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tarsus Pharmaceuticals, Inc. | 0.15 | 0.19 | 0.24 | 64 | Healthcare | |
| Alphabet Inc. Class A | 0.19 | 0.25 | 0.35 | 96 | Communication Services | |
| Arcutis Biotherapeutics, Inc. | 0.23 | 0.24 | 0.25 | 71 | Healthcare | |
| International Business Machines Corporation | 0.25 | 0.24 | 0.25 | 54 | Technology | |
| Advanced Micro Devices, Inc. | 0.26 | 0.33 | 0.38 | 97 | Technology |
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