Looking to balance out your exposure to CRVO? The ETFs below have historically moved differently from CRVO, 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 CRVO
3 ETFs have low correlation with CRVO (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 -0.00, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.02 | 0.03 | 100 | Ultrashort Bond | CRVO vs SGOV | |
| VictoryShares Free Cash Flow ETF | 0.20 | 0.17 | — | 96 | Large Cap Value Equities | CRVO vs VFLO | |
| State Street SPDR Portfolio S&P 500 ETF | 0.28 | 0.20 | 0.21 | 68 | S&P 500 | CRVO vs SPYM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRVO, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.03 | 0.09 | 0.10 | 61 | Financial Services | |
| Gilead Sciences, Inc. | 0.10 | 0.08 | 0.08 | 65 | Healthcare | |
| Amazon.com, Inc | 0.14 | 0.08 | 0.13 | 60 | Consumer Cyclical | |
| Eaton Corporation plc | 0.16 | 0.15 | 0.15 | 53 | Industrials | |
| Howmet Aerospace Inc. | 0.16 | 0.10 | 0.13 | 90 | Industrials |
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