Looking to balance out your exposure to CAAS? The ETFs below have the lowest correlation with CAAS — they tend to move on their own, which can help reduce risk when CAAS drops. The stock ideas table highlights individual companies that behave independently from CAAS.
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 0.08, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.08 | 0.22 | 0.18 | 58 | China Equities, Asia Pacific Equities | CAAS vs ASHR | |
| KraneShares Bosera MSCI China A Share ETF | 0.10 | 0.20 | 0.17 | 73 | China Equities, Asia Pacific Equities | CAAS vs KBA | |
| Vanguard S&P 500 ETF | 0.15 | 0.19 | 0.20 | 66 | S&P 500 | CAAS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAAS and solid risk/return profiles. The least correlated is China Yuchai International Limited (CYD) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| China Yuchai International Limited | 0.02 | 0.02 | 0.10 | 81 | Industrials | |
| NVIDIA Corporation | 0.03 | 0.08 | 0.14 | 65 | Technology | |
| Ping An Insurance Company of China | 0.04 | 0.25 | 0.19 | 50 | Financial Services |
Build a portfolio that complements CAAS
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