Looking to balance out your exposure to CRVL? The ETFs below have the lowest correlation with CRVL — they tend to move on their own, which can help reduce risk when CRVL drops. The stock ideas table highlights individual companies that behave independently from CRVL.
Best Diversifiers for CRVL
2 ETFs have low correlation with CRVL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.08, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.08 | 0.30 | 0.37 | 60 | S&P 500 | CRVL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.30 | 0.38 | 60 | S&P 500 | CRVL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRVL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRVL and solid risk/return profiles. The least correlated is Jabil Inc. (JBL) (Technology) with a 1Y correlation of -0.17, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Jabil Inc. | -0.17 | 0.09 | 0.19 | 86 | Technology | |
| Broadcom Inc. | -0.16 | 0.11 | 0.19 | 71 | Technology | |
| Monster Beverage Corporation | -0.06 | 0.09 | 0.20 | 86 | Consumer Defensive | |
| Target Hospitality Corp. | -0.06 | 0.14 | 0.12 | 95 | Energy | |
| Ubiquiti Inc. | -0.05 | 0.19 | 0.28 | 63 | Technology |
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