Looking to balance out your exposure to CRON? The ETFs below have the lowest correlation with CRON — they tend to move on their own, which can help reduce risk when CRON drops. The stock ideas table highlights individual companies that behave independently from CRON.
Best Diversifiers for CRON
1 ETFs have low correlation with CRON (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.00 | 0.02 | 100 | Ultrashort Bond | CRON vs SGOV | |
| Vanguard S&P 500 ETF | 0.36 | 0.34 | 0.43 | 70 | S&P 500 | CRON vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRON and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.08 | 0.12 | 69 | Consumer Defensive | |
| Raytheon Technologies Corporation | 0.03 | 0.12 | 0.22 | 70 | Industrials | |
| British American Tobacco p.l.c. | 0.10 | 0.15 | 0.17 | 77 | Consumer Defensive | |
| Howmet Aerospace Inc. | 0.10 | 0.14 | 0.28 | 79 | Industrials | |
| Anheuser-Busch InBev SA/NV | 0.13 | 0.21 | 0.27 | 54 | Consumer Defensive |
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