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
12 ETFs have low correlation with CTRE (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.07 | 0.03 | 0.12 | 63 | Energy Equities | CTRE vs XLE | |
| ProShares S&P Kensho Cleantech ETF | -0.02 | 0.10 | — | 88 | Alternative Energy Equities | CTRE vs CTEX | |
| Franklin FTSE Taiwan ETF | 0.00 | 0.09 | 0.17 | 96 | Asia Pacific Equities | CTRE vs FLTW | |
| SPDR Portfolio Emerging Markets ETF | 0.01 | 0.12 | 0.20 | 57 | Emerging Markets Equities | CTRE vs SPEM | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.01 | 0.02 | 100 | Ultrashort Bond | CTRE vs SGOV |
To view more results, upgrade your current subscription plan.
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 -0.14, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.14 | -0.03 | 0.05 | 68 | Energy | |
| Exxon Mobil Corporation | -0.12 | -0.01 | 0.08 | 85 | Energy | |
| Advanced Micro Devices, Inc. | -0.11 | 0.02 | 0.10 | 98 | Technology | |
| Amazon.com, Inc | -0.09 | 0.01 | 0.15 | 60 | Consumer Cyclical | |
| Chevron Corporation | -0.08 | -0.01 | 0.10 | 83 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CTRE
Add CTRE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CTRE