Looking to diversify beyond CRPT? The ETFs below have the lowest correlation with CRPT — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CRPT.
Best Diversifiers for CRPT
574 ETFs have low correlation with CRPT (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.88 | — | — | 60 | Inverse Equities, Leveraged Equities | CRPT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.88 | — | — | 53 | Inverse Equities | CRPT vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.85 | — | — | 65 | Derivative Income | CRPT vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.20 | — | — | 60 | Inverse Equities | CRPT vs NFXS | |
| Return Stacked Bonds & Futures Yield ETF | -0.15 | — | — | 51 | Multistrategy | CRPT vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRPT and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.01 | 0.07 | 0.16 | 60 | Energy | |
| Apple Inc | 0.20 | 0.23 | 0.38 | 90 | Technology | |
| Iridium Communications Inc. | 0.27 | 0.25 | 0.33 | 71 | Communication Services | |
| CEMEX, S.A.B. de C.V. | 0.29 | 0.29 | 0.38 | 88 | Basic Materials | |
| Jabil Inc. | 0.29 | 0.34 | 0.42 | 79 | Technology |
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