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
1830 ETFs have low correlation with CA (below 0.3), 110 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.17 | -0.17 | 71 | Oil & Gas | CA vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.16 | -0.16 | 65 | Oil & Gas | CA vs DBO | |
| United States Gasoline Fund LP | -0.27 | -0.15 | -0.15 | 69 | Oil & Gas | CA vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.15 | -0.15 | 55 | Oil & Gas | CA vs OILK | |
| ProShares UltraShort Yen | -0.27 | -0.31 | -0.31 | 61 | Leveraged Currency | CA vs YCS |
See all 2113 diversifiers for CA
To view more results, upgrade your current subscription plan.
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