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
11 ETFs have low correlation with CRSP (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.02 | -0.02 | 100 | Ultrashort Bond | CRSP vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.10 | 0.11 | 0.08 | 89 | Inflation-Protected Bonds | CRSP vs VTIP | |
| Global X MSCI Colombia ETF | 0.14 | 0.21 | 0.22 | 71 | Latin America Equities | CRSP vs COLO | |
| iMGP DBi Managed Futures Strategy ETF | 0.18 | 0.12 | 0.02 | 79 | Systematic Trend | CRSP vs DBMF | |
| Schwab Short-Term U.S. Treasury ETF | 0.21 | 0.15 | 0.10 | 82 | Government Bonds, Short-Term Bond | CRSP vs SCHO |
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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 -0.20, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.20 | -0.08 | -0.01 | 76 | Consumer Defensive | |
| Equinor ASA | -0.15 | -0.00 | 0.05 | 69 | Energy | |
| Chevron Corporation | -0.12 | 0.03 | 0.08 | 72 | Energy | |
| Verizon Communications Inc. | -0.08 | 0.01 | 0.07 | 66 | Communication Services | |
| PepsiCo, Inc. | -0.04 | 0.02 | 0.03 | 61 | Consumer Defensive |
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