Looking to balance out your exposure to CACC? The ETFs below have the lowest correlation with CACC — they tend to move on their own, which can help reduce risk when CACC drops. The stock ideas table highlights individual companies that behave independently from CACC.
Best Diversifiers for CACC
0 ETFs have low correlation with CACC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.39, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.39 | 0.40 | 0.46 | 73 | Nasdaq-100 | CACC vs QQQ | |
| ProShares UltraPro QQQ | 0.40 | 0.41 | 0.47 | 71 | Leveraged Equities | CACC vs TQQQ | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.50 | 0.54 | 70 | S&P 500 | CACC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CACC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CACC and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 0.22 | 0.23 | 0.29 | 95 | Technology |
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