Looking to balance out your exposure to CRWD? The ETFs below have historically moved differently from CRWD, 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 CRWD
190 ETFs have low correlation with CRWD (below 0.3), 29 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.22 | -0.03 | 0.11 | 91 | Dividend, Large Cap Value Equities | CRWD vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.21 | -0.04 | 0.08 | 58 | Dividend, Low Volatility | CRWD vs LVHD | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.14 | 0.03 | 0.13 | 92 | Large Cap Value Equities, Dividend | CRWD vs FDL | |
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.13 | -0.01 | 0.09 | 55 | Dividend, S&P 500, Low Volatility | CRWD vs SPHD | |
| WisdomTree US High Dividend Fund | -0.12 | 0.05 | 0.14 | 92 | Large Cap Value Equities, Dividend | CRWD vs DHS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRWD, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.37, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.37 | -0.19 | -0.06 | 87 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.31 | -0.24 | -0.13 | 56 | Utilities | |
| Duke Energy Corporation | -0.29 | -0.21 | -0.10 | 52 | Utilities | |
| Colgate-Palmolive Company | -0.28 | -0.15 | -0.09 | 57 | Consumer Defensive | |
| Johnson & Johnson | -0.27 | -0.21 | -0.09 | 96 | Healthcare |
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