Looking to diversify beyond CVRT? The ETFs below have historically moved differently from CVRT, 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 CVRT
569 ETFs have low correlation with CVRT (below 0.3), 99 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 52 | Inverse Equities | CVRT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | CVRT vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CVRT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.46 | — | — | 61 | Cryptocurrency | CVRT vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | CVRT vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CVRT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.54 | — | — | 93 | Financial Services | |
| Sandisk Corporation | 0.62 | 0.55 | 0.55 | 100 | Technology | |
| Bloom Energy Corporation | 0.64 | 0.56 | 0.56 | 97 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.64 | 0.57 | 0.57 | 87 | Technology |
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