Looking to diversify beyond CA? The ETFs below have historically moved differently from CA, 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 CA
25 ETFs have low correlation with CA (below 0.3), 6 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.26 | — | — | 91 | Oil & Gas | CA vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | — | — | 51 | Oil & Gas | CA vs OILK | |
| Invesco DB Oil Fund | -0.24 | — | — | 60 | Oil & Gas | CA vs DBO | |
| United States Oil Fund LP | -0.23 | — | — | 58 | Oil & Gas | CA vs USO | |
| Westwood Salient Enhanced Energy Income ETF | -0.13 | — | — | 75 | Energy Equities | CA vs WEEI |
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