Looking to balance out your exposure to CRNX? The ETFs below have the lowest correlation with CRNX — they tend to move on their own, which can help reduce risk when CRNX drops. The stock ideas table highlights individual companies that behave independently from CRNX.
Best Diversifiers for CRNX
1 ETFs have low correlation with CRNX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.22, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.22 | 0.26 | 0.33 | 73 | Nasdaq-100 | CRNX vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRNX and solid risk/return profiles. The least correlated is Aurinia Pharmaceuticals Inc. (AUPH) (Healthcare) with a 1Y correlation of 0.25, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aurinia Pharmaceuticals Inc. | 0.25 | 0.32 | 0.35 | 89 | Healthcare | |
| Carnival Corporation & Plc | 0.30 | 0.26 | 0.30 | 50 | Consumer Cyclical |
Build a portfolio that complements CRNX
Add CRNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CRNX