Looking to balance out your exposure to CACI? The ETFs below have historically moved differently from CACI, 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 CACI
10 ETFs have low correlation with CACI (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | CACI vs BIL | |
| iShares U.S. Technology ETF | 0.00 | 0.15 | 0.21 | 56 | Technology Equities | CACI vs IYW | |
| Invesco QQQ ETF | 0.02 | 0.17 | 0.23 | 54 | Nasdaq-100 | CACI vs QQQ | |
| Global X MLP & Energy Infrastructure ETF | 0.09 | 0.21 | 0.29 | 57 | Infrastructure Equities, MLPs | CACI vs MLPX | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.26 | 0.33 | 71 | S&P 500 | CACI vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CACI, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.09 | 0.06 | 0.09 | 99 | Technology | |
| Brinker International, Inc. | -0.04 | 0.12 | 0.14 | 68 | Consumer Cyclical | |
| Broadcom Inc. | -0.04 | 0.10 | 0.15 | 70 | Technology | |
| Celestica Inc. | -0.04 | 0.11 | 0.16 | 76 | Technology | |
| GATX Corporation | -0.03 | 0.19 | 0.28 | 66 | Industrials |
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Build a portfolio that complements CACI
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