Looking to balance out your exposure to CTRE? The ETFs below have the lowest correlation with CTRE — they tend to move on their own, which can help reduce risk when CTRE drops. The stock ideas table highlights individual companies that behave independently from CTRE.
Best Diversifiers for CTRE
42 ETFs have low correlation with CTRE (below 0.3), 11 of which are negatively correlated. The least correlated is WisdomTree Managed Futures Strategy Fund (WTMF) (Hedge Fund) with a 1Y correlation of -0.10, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Managed Futures Strategy Fund | -0.10 | 0.09 | 0.11 | 84 | Hedge Fund | CTRE vs WTMF | |
| VanEck Vectors ChinaAMC SME-ChiNext ETF | -0.08 | -0.01 | 0.02 | 84 | China Equities, Asia Pacific Equities | CTRE vs CNXT | |
| Defiance Quantum ETF | -0.07 | 0.05 | 0.18 | 70 | Technology Equities | CTRE vs QTUM | |
| VanEck Oil Refiners ETF | -0.07 | 0.08 | 0.18 | 93 | Energy Equities | CTRE vs CRAK | |
| Franklin FTSE Taiwan ETF | -0.07 | 0.05 | 0.14 | 92 | Taiwan Equities, Asia Pacific Equities | CTRE vs FLTW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTRE and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.19, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.19 | -0.06 | 0.04 | 70 | Energy | |
| Advanced Micro Devices, Inc. | -0.14 | -0.00 | 0.08 | 96 | Technology | |
| Seagate Technology plc | -0.13 | 0.01 | 0.12 | 98 | Technology | |
| Cenovus Energy Inc. | -0.11 | -0.02 | 0.08 | 94 | Energy | |
| Exxon Mobil Corporation | -0.10 | -0.02 | 0.08 | 78 | Energy |
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