Looking to balance out your exposure to CAH? The ETFs below have the lowest correlation with CAH — they tend to move on their own, which can help reduce risk when CAH drops. The stock ideas table highlights individual companies that behave independently from CAH.
Best Diversifiers for CAH
22 ETFs have low correlation with CAH (below 0.3), 4 of which are negatively correlated. The least correlated is SPDR S&P Metals & Mining ETF (XME) (Materials) with a 1Y correlation of -0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Metals & Mining ETF | -0.06 | 0.02 | 0.19 | 77 | Materials | CAH vs XME | |
| iShares U.S. Oil Equipment & Services ETF | -0.03 | 0.04 | 0.19 | 87 | Energy Equities | CAH vs IEZ | |
| Franklin FTSE Taiwan ETF | -0.03 | 0.03 | 0.11 | 96 | Asia Pacific Equities | CAH vs FLTW | |
| iShares MSCI South Korea ETF | -0.01 | 0.04 | 0.13 | 96 | Asia Pacific Equities | CAH vs EWY | |
| Fidelity MSCI Information Technology Index ETF | 0.02 | 0.08 | 0.16 | 77 | Technology Equities | CAH vs FTEC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAH and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.17 | 0.05 | 0.13 | 58 | Technology | |
| Tesla, Inc. | -0.13 | -0.01 | 0.04 | 55 | Consumer Cyclical | |
| Valero Energy Corporation | -0.11 | 0.03 | 0.14 | 93 | Energy | |
| Energy Transfer LP | -0.08 | 0.05 | 0.19 | 69 | Energy | |
| EOG Resources, Inc. | -0.08 | 0.01 | 0.16 | 69 | Energy |
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Build a portfolio that complements CAH
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