Looking to diversify beyond CA? The ETFs below have the lowest correlation with CA — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CA.
Best Diversifiers for CA
2 ETFs have low correlation with CA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street My2026 Municipal Bond ETF | 0.17 | — | — | 97 | Municipal Bonds | CA vs MYMF | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | 0.20 | — | — | 88 | Municipal Bonds | CA vs IBMO | |
| First Trust Short Duration Managed Municipal ETF | 0.41 | — | — | 81 | Municipal Bonds | CA vs FSMB | |
| First Trust Flexible Municipal High Income ETF | 0.48 | — | — | 85 | Municipal Bonds | CA vs MFLX |
Diversification Analysis
Build a portfolio that complements CA
Add CA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CA