Looking to balance out your exposure to CROX? The ETFs below have the lowest correlation with CROX — they tend to move on their own, which can help reduce risk when CROX drops. The stock ideas table highlights individual companies that behave independently from CROX.
Best Diversifiers for CROX
9 ETFs have low correlation with CROX (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 0.01, roughly unchanged from -0.05 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 | -0.06 | -0.05 | 100 | Ultrashort Bond | CROX vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.03 | 0.07 | 89 | Inflation-Protected Bonds | CROX vs VTIP | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.15 | 0.38 | 0.50 | 82 | Alternative Energy Equities | CROX vs QCLN | |
| iShares Semiconductor ETF | 0.16 | 0.32 | 0.46 | 96 | Semiconductors, Technology Equities | CROX vs SOXX | |
| State Street Technology Select Sector SPDR ETF | 0.16 | 0.30 | 0.44 | 69 | Technology Equities | CROX vs XLK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CROX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CROX and solid risk/return profiles. The least correlated is PBF Energy Inc. (PBF) (Energy) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PBF Energy Inc. | -0.17 | 0.07 | 0.14 | 83 | Energy | |
| CF Industries Holdings, Inc. | -0.14 | 0.05 | 0.10 | 57 | Basic Materials | |
| Golar LNG Limited | -0.12 | 0.12 | 0.20 | 66 | Energy | |
| Chevron Corporation | -0.09 | 0.06 | 0.15 | 72 | Energy | |
| ConocoPhillips Company | -0.07 | 0.04 | 0.12 | 66 | Energy |
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