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
10 ETFs have low correlation with CROX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.02 | 0.06 | 93 | Inflation-Protected Bonds | CROX vs VTIP | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | -0.06 | -0.05 | 100 | Ultrashort Bond | CROX vs SGOV | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.16 | 0.38 | 0.50 | 89 | Alternative Energy Equities | CROX vs QCLN | |
| Vanguard Short-Term Treasury ETF | 0.16 | 0.03 | 0.04 | 83 | Government Bonds, Short-Term Bond | CROX vs VGSH | |
| State Street Technology Select Sector SPDR ETF | 0.18 | 0.30 | 0.45 | 82 | 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 CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.13, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.13 | 0.06 | 0.10 | 63 | Basic Materials | |
| PBF Energy Inc. | -0.10 | 0.10 | 0.14 | 87 | Energy | |
| Golar LNG Limited | -0.10 | 0.12 | 0.21 | 66 | Energy | |
| Chevron Corporation | -0.06 | 0.08 | 0.16 | 84 | Energy | |
| Centrus Energy Corp. | -0.03 | 0.11 | 0.24 | 55 | Energy |
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