Looking to balance out your exposure to CABA? The ETFs below have historically moved differently from CABA, 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 CABA
1 ETFs have low correlation with CABA (below 0.3), 0 of which are negatively correlated. The least correlated is Global X S&P 500 Catholic Values ETF (CATH) (S&P 500) with a 1Y correlation of 0.25, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Catholic Values ETF | 0.25 | 0.33 | 0.27 | 52 | S&P 500 | CABA vs CATH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CABA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Maze Therapeutics, Inc | 0.26 | — | — | 76 | Healthcare | |
| Olema Pharmaceuticals, Inc. | 0.33 | 0.32 | 0.29 | 80 | Healthcare | |
| Iovance Biotherapeutics, Inc. | 0.39 | 0.40 | 0.36 | 70 | Healthcare |
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