Looking to diversify beyond CRPT? The ETFs below have historically moved differently from CRPT, 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 CRPT
716 ETFs have low correlation with CRPT (below 0.3), 86 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.89 | — | — | 61 | Inverse Equities, Leveraged Equities | CRPT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.89 | — | — | 52 | Inverse Equities | CRPT vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.87 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CRPT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.87 | -0.79 | — | 61 | Cryptocurrency | CRPT vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.86 | — | — | 75 | Derivative Income | CRPT vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRPT, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.02 | 0.07 | 0.16 | 70 | Energy | |
| Apple Inc | 0.19 | 0.22 | 0.37 | 89 | Technology | |
| Iridium Communications Inc. | 0.28 | 0.26 | 0.33 | 84 | Communication Services | |
| CEMEX, S.A.B. de C.V. | 0.30 | 0.29 | 0.39 | 75 | Basic Materials | |
| Jabil Inc. | 0.32 | 0.34 | 0.42 | 73 | Technology |
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