Looking to balance out your exposure to CRSP? The ETFs below have the lowest correlation with CRSP — they tend to move on their own, which can help reduce risk when CRSP drops. The stock ideas table highlights individual companies that behave independently from CRSP.
Best Diversifiers for CRSP
16 ETFs have low correlation with CRSP (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of -0.06, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | -0.06 | 0.10 | 0.14 | 64 | Energy Equities | CRSP vs VDE | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.02 | -0.03 | 100 | Ultrashort Bond | CRSP vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.11 | 0.07 | 93 | Inflation-Protected Bonds | CRSP vs VTIP | |
| Global X MSCI Colombia ETF | 0.11 | 0.20 | 0.22 | 60 | Latin America Equities | CRSP vs COLO | |
| Direxion Daily AVGO Bull 2X Shares | 0.11 | — | — | 53 | Leveraged Equities | CRSP vs AVL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRSP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRSP and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.17, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.17 | -0.06 | -0.00 | 66 | Consumer Defensive | |
| Equinor ASA | -0.13 | 0.00 | 0.05 | 82 | Energy | |
| Chevron Corporation | -0.07 | 0.05 | 0.09 | 83 | Energy | |
| Energy Transfer LP | -0.04 | 0.10 | 0.17 | 69 | Energy | |
| Kinder Morgan, Inc. | -0.04 | 0.13 | 0.17 | 60 | Energy |
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