Looking to balance out your exposure to CADE? The ETFs below have the lowest correlation with CADE — they tend to move on their own, which can help reduce risk when CADE drops. The stock ideas table highlights individual companies that behave independently from CADE.
Best Diversifiers for CADE
1 ETFs have low correlation with CADE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.24, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.24 | 0.36 | 0.42 | 73 | Nasdaq-100 | CADE vs QQQ | |
| Vanguard S&P 500 ETF | 0.37 | 0.48 | 0.54 | 70 | S&P 500 | CADE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.48 | 0.54 | 70 | S&P 500 | CADE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CADE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CADE and solid risk/return profiles. The least correlated is British American Tobacco p.l.c. (BTI) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco p.l.c. | -0.01 | 0.15 | 0.24 | 77 | Consumer Defensive | |
| TC Energy Corporation | -0.01 | 0.25 | 0.30 | 87 | Energy | |
| Johnson & Johnson | 0.05 | 0.11 | 0.14 | 92 | Healthcare | |
| Eli Lilly and Company | 0.09 | 0.08 | 0.09 | 72 | Healthcare | |
| Roku, Inc. | 0.10 | 0.32 | 0.34 | 78 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CADE
Add CADE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CADE