Looking to balance out your exposure to CRVS? The ETFs below have historically moved differently from CRVS, 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 CRVS
24 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.
How candidates are selected| 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... | 0.04 | 0.04 | 0.01 | 84 | Commodities | CRVS vs FTGC | |
| iShares 0-1 Year Treasury Bond ETF | 0.05 | 0.05 | 0.07 | 100 | Government Bonds, Ultrashort Bond | CRVS vs SHV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.08 | 0.03 | 0.04 | 91 | Inflation-Protected Bonds | CRVS vs VTIP | |
| First Trust Low Duration Mortgage Opportunities ET... | 0.09 | 0.08 | 0.07 | 91 | Mortgage Backed Securities | CRVS vs LMBS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRVS, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.04 | 0.00 | 0.02 | 75 | Energy | |
| China Shenhua Energy Co Ltd | -0.00 | 0.04 | 0.07 | 72 | Energy | |
| The Coca-Cola Company | 0.01 | 0.05 | 0.03 | 90 | Consumer Defensive | |
| TotalEnergies SE | 0.02 | 0.08 | 0.05 | 88 | Energy | |
| FIGS, Inc. | 0.07 | 0.15 | 0.23 | 72 | Consumer Cyclical |
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