Looking to balance out your exposure to CAH? The ETFs below have historically moved differently from CAH, 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 CAH
39 ETFs have low correlation with CAH (below 0.3), 14 of which are negatively correlated. The least correlated is Franklin FTSE Taiwan ETF (FLTW) (Taiwan Equities) with a 1Y correlation of -0.10, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Taiwan ETF | -0.10 | -0.01 | 0.08 | 90 | Taiwan Equities, Asia Pacific Equities | CAH vs FLTW | |
| Fidelity MSCI Information Technology Index ETF | -0.09 | 0.03 | 0.13 | 61 | Technology Equities | CAH vs FTEC | |
| iShares Semiconductor ETF | -0.08 | 0.00 | 0.09 | 90 | Semiconductors, Technology Equities | CAH vs SOXX | |
| iShares MSCI South Korea ETF | -0.06 | 0.00 | 0.10 | 88 | South Korea Equities, Asia Pacific Equities | CAH vs EWY | |
| iShares Core MSCI Emerging Markets ETF | -0.05 | 0.02 | 0.11 | 62 | Emerging Markets Equities | CAH vs IEMG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CAH, 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 Phillips 66 (PSX) (Energy) with a 1Y correlation of -0.16, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Phillips 66 | -0.16 | 0.03 | 0.14 | 94 | Energy | |
| Valero Energy Corporation | -0.13 | 0.02 | 0.11 | 98 | Energy | |
| IREN Limited | -0.12 | -0.04 | -0.01 | 82 | Financial Services | |
| Apache Corporation | -0.12 | -0.00 | 0.12 | 91 | Energy | |
| Rambus Inc. | -0.11 | -0.03 | 0.06 | 58 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CAH
Add CAH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAH