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
4 ETFs have low correlation with CRVS (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Long AVGO ETF | 0.16 | — | — | 50 | Leveraged Equities | CRVS vs AVGX | |
| Direxion Daily GOOGL Bull 2X Shares | 0.19 | 0.15 | — | 94 | Leveraged Equities | CRVS vs GGLL | |
| Direxion Daily MU Bull 2X Shares | 0.21 | — | — | 99 | Leveraged Equities | CRVS vs MUU | |
| First Trust Indxx Innovative Transaction & Process... | 0.30 | 0.29 | 0.30 | 64 | Blockchain | CRVS vs LEGR | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.30 | 0.23 | 0.20 | 55 | Silver, Precious Metals | CRVS vs SLVP |
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 Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of 0.07, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | 0.07 | 0.12 | 0.09 | 88 | Industrials | |
| Everpure, Inc. | 0.08 | 0.18 | 0.22 | 64 | Technology | |
| Kenon Holdings Ltd. | 0.10 | 0.14 | 0.18 | 95 | Utilities | |
| Kratos Defense & Security Solutions, Inc. | 0.10 | 0.16 | 0.21 | 60 | Industrials | |
| Monster Beverage Corporation | 0.10 | 0.10 | 0.10 | 79 | Consumer Defensive |
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