Looking to balance out your exposure to CTRA? The ETFs below have the lowest correlation with CTRA — they tend to move on their own, which can help reduce risk when CTRA drops. The stock ideas table highlights individual companies that behave independently from CTRA.
Best Diversifiers for CTRA
19 ETFs have low correlation with CTRA (below 0.3), 17 of which are negatively correlated. The least correlated is iShares MSCI Austria ETF (EWO) (Europe Equities) with a 1Y correlation of -0.18, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Austria ETF | -0.18 | 0.08 | 0.21 | 66 | Europe Equities | CTRA vs EWO | |
| Invesco NASDAQ 100 ETF | -0.17 | 0.07 | 0.17 | 74 | Nasdaq-100 | CTRA vs QQQM | |
| iShares S&P 100 ETF | -0.16 | 0.10 | 0.23 | 64 | Large Cap Blend Equities | CTRA vs OEF | |
| ProShares Ultra Semiconductors | -0.15 | 0.06 | 0.15 | 90 | Leveraged Equities, Semiconductors | CTRA vs USD | |
| Sprott Copper Miners ETF | -0.14 | 0.08 | 0.08 | 70 | Commodity Producers Equities | CTRA vs COPP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTRA and solid risk/return profiles. The least correlated is Carnival Corporation & Plc (CCL) (Consumer Cyclical) with a 1Y correlation of -0.21, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Carnival Corporation & Plc | -0.21 | 0.06 | 0.16 | 50 | Consumer Cyclical | |
| Southwest Airlines Co. | -0.20 | 0.03 | 0.16 | 58 | Industrials | |
| Boliden AB ADR | -0.14 | 0.11 | 0.17 | 83 | Basic Materials | |
| Delta Air Lines, Inc. | -0.14 | 0.07 | 0.17 | 80 | Industrials | |
| American Airlines Group Inc. | -0.13 | 0.03 | 0.14 | 51 | Industrials |
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Build a portfolio that complements CTRA
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