Looking to balance out your exposure to CRON? The ETFs below have historically moved differently from CRON, 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 CRON
2 ETFs have low correlation with CRON (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.03 | 0.01 | 0.02 | 100 | Ultrashort Bond | CRON vs SGOV | |
| Vanguard S&P 500 ETF | 0.29 | 0.32 | 0.42 | 68 | S&P 500 | CRON vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRON, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.07 | 0.11 | 66 | Consumer Defensive | |
| Philip Morris International Inc. | -0.02 | 0.08 | 0.12 | 66 | Consumer Defensive | |
| Lockheed Martin Corporation | 0.04 | 0.05 | 0.09 | 80 | Industrials | |
| British American Tobacco p.l.c. | 0.08 | 0.12 | 0.16 | 69 | Consumer Defensive | |
| RTX Corporation | 0.11 | 0.12 | 0.22 | 82 | Industrials |
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