Looking to balance out your exposure to CABA? The ETFs below have the lowest correlation with CABA — they tend to move on their own, which can help reduce risk when CABA drops. The stock ideas table highlights individual companies that behave independently from CABA.
Best Diversifiers for CABA
2 ETFs have low correlation with CABA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | 0.25 | — | — | 68 | Nasdaq-100, Derivative Income | CABA vs QQQI | |
| Global X S&P 500 Catholic Values ETF | 0.25 | 0.32 | 0.27 | 58 | S&P 500 | CABA vs CATH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CABA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CABA and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Maze Therapeutics, Inc | 0.20 | — | — | 72 | Healthcare | |
| Olema Pharmaceuticals, Inc. | 0.30 | 0.30 | 0.28 | 80 | Healthcare | |
| Iovance Biotherapeutics, Inc. | 0.33 | 0.37 | 0.35 | 72 | Healthcare |
Diversification Analysis
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