Looking to balance out your exposure to CAAS? The ETFs below have historically moved differently from CAAS, 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 CAAS
3 ETFs have low correlation with CAAS (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) (China Equities) with a 1Y correlation of 0.11, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.11 | 0.21 | 0.18 | 51 | China Equities, Asia Pacific Equities | CAAS vs ASHR | |
| KraneShares Bosera MSCI China A Share ETF | 0.11 | 0.19 | 0.17 | 71 | China Equities, Asia Pacific Equities | CAAS vs KBA | |
| Vanguard S&P 500 ETF | 0.14 | 0.19 | 0.20 | 78 | S&P 500 | CAAS vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CAAS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is China Yuchai International Limited (CYD) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| China Yuchai International Limited | 0.02 | 0.02 | 0.09 | 87 | Industrials | |
| Ping An Insurance Company of China | 0.06 | 0.24 | 0.19 | 60 | Financial Services | |
| NVIDIA Corporation | 0.06 | 0.08 | 0.13 | 61 | Technology |
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