Looking to balance out your exposure to CRVO? The ETFs below have the lowest correlation with CRVO — they tend to move on their own, which can help reduce risk when CRVO drops. The stock ideas table highlights individual companies that behave independently from CRVO.
Best Diversifiers for CRVO
5 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 -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.02 | 0.03 | 100 | Ultrashort Bond | CRVO vs SGOV | |
| Victoryshares Free Cash Flow ETF | 0.19 | — | — | 85 | Large Cap Value Equities | CRVO vs VFLO | |
| Invesco NASDAQ 100 ETF | 0.24 | 0.15 | 0.20 | 74 | Nasdaq-100 | CRVO vs QQQM | |
| State Street SPDR Portfolio S&P 500 ETF | 0.25 | 0.18 | 0.20 | 70 | S&P 500 | CRVO vs SPYM | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 0.26 | — | — | 74 | Nasdaq-100, Options Trading, Dividend | CRVO vs QQQY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRVO and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.09 | 0.05 | 0.13 | 60 | Consumer Cyclical | |
| Gilead Sciences, Inc. | 0.13 | 0.07 | 0.08 | 63 | Healthcare | |
| Eaton Corporation plc | 0.14 | 0.14 | 0.14 | 67 | Industrials | |
| Howmet Aerospace Inc. | 0.14 | 0.09 | 0.14 | 79 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.16 | 0.14 | 0.18 | 95 | Technology |
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