Looking to balance out your exposure to CACI? The ETFs below have the lowest correlation with CACI — they tend to move on their own, which can help reduce risk when CACI drops. The stock ideas table highlights individual companies that behave independently from CACI.
Best Diversifiers for CACI
6 ETFs have low correlation with CACI (below 0.3), 0 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 0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | CACI vs BIL | |
| iShares U.S. Technology ETF | 0.05 | 0.19 | 0.23 | 75 | Technology Equities | CACI vs IYW | |
| ProShares UltraPro QQQ | 0.06 | 0.21 | 0.25 | 71 | Leveraged Equities | CACI vs TQQQ | |
| Invesco QQQ ETF | 0.06 | 0.21 | 0.25 | 73 | Nasdaq-100 | CACI vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.29 | 0.35 | 70 | S&P 500 | CACI vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CACI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CACI and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.03 | 0.10 | 0.12 | 99 | Technology | |
| NVIDIA Corporation | -0.03 | 0.10 | 0.13 | 78 | Technology | |
| Walmart Inc. | -0.02 | 0.12 | 0.19 | 63 | Consumer Defensive | |
| Apple Inc | -0.02 | 0.07 | 0.16 | 89 | Technology | |
| Amazon.com, Inc | -0.02 | 0.13 | 0.16 | 60 | Consumer Cyclical |
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Build a portfolio that complements CACI
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