Looking to balance out your exposure to CRVS? The ETFs below have the lowest correlation with CRVS — they tend to move on their own, which can help reduce risk when CRVS drops. The stock ideas table highlights individual companies that behave independently from CRVS.
Best Diversifiers for CRVS
20 ETFs have low correlation with CRVS (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | 0.02 | 0.05 | 100 | Government Bonds, Ultrashort Bond | CRVS vs BIL | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.03 | 0.03 | 0.01 | 73 | Commodities | CRVS vs FTGC | |
| iShares 0-1 Year Treasury Bond ETF | 0.03 | 0.05 | 0.07 | 100 | Government Bonds, Ultrashort Bond | CRVS vs SHV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.06 | 0.02 | 0.04 | 92 | Inflation-Protected Bonds | CRVS vs VTIP | |
| iShares Ultra Short Duration Bond Active ETF | 0.06 | 0.08 | 0.09 | 99 | Ultrashort Bond | CRVS vs ICSH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRVS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRVS and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.04 | 0.01 | 0.02 | 67 | Energy | |
| TotalEnergies SE | 0.01 | 0.07 | 0.06 | 78 | Energy | |
| China Shenhua Energy Co Ltd | 0.01 | 0.04 | 0.07 | 78 | Energy | |
| The Coca-Cola Company | 0.04 | 0.06 | 0.03 | 81 | Consumer Defensive | |
| FIGS, Inc. | 0.08 | 0.15 | 0.23 | 79 | Consumer Cyclical |
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Build a portfolio that complements CRVS
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