Looking to diversify beyond CAAA? The ETFs below have the lowest correlation with CAAA — 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 CAAA.
Best Diversifiers for CAAA
1621 ETFs have low correlation with CAAA (below 0.3), 96 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.31 | -0.31 | 51 | Currency | CAAA vs UUP | |
| Invesco DB Energy Fund | -0.29 | — | — | 53 | Oil & Gas | CAAA vs DBE | |
| ProShares UltraShort Yen | -0.27 | — | — | 72 | Leveraged Currency | CAAA vs YCS | |
| United States Gasoline Fund LP | -0.26 | — | — | 78 | Oil & Gas | CAAA vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.19 | -0.19 | 51 | Commodities | CAAA vs GSG |
See all 2046 diversifiers for CAAA
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