Looking to balance out your exposure to CZR? The ETFs below have the lowest correlation with CZR — they tend to move on their own, which can help reduce risk when CZR drops. The stock ideas table highlights individual companies that behave independently from CZR.
Best Diversifiers for CZR
6 ETFs have low correlation with CZR (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | CZR vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | 0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | CZR vs SHV | |
| JPMorgan Ultra-Short Income ETF | 0.01 | 0.07 | 0.06 | 99 | Ultrashort Bond | CZR vs JPST | |
| iShares Core S&P 500 ETF | 0.30 | 0.44 | 0.55 | 70 | S&P 500 | CZR vs IVV | |
| Vanguard S&P 500 ETF | 0.30 | 0.44 | 0.55 | 70 | S&P 500 | CZR vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CZR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CZR and solid risk/return profiles. The least correlated is NIO Inc. (NIO) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NIO Inc. | -0.01 | 0.19 | 0.33 | 67 | Consumer Cyclical | |
| Coterra Energy Inc. | 0.02 | 0.19 | 0.26 | 79 | Energy | |
| CVS Health Corporation | 0.04 | 0.14 | 0.19 | 80 | Healthcare | |
| General Electric Company | 0.04 | 0.20 | 0.36 | 65 | Industrials | |
| NVIDIA Corporation | 0.05 | 0.18 | 0.35 | 78 | Technology |
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Build a portfolio that complements CZR
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