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
35 ETFs have low correlation with CAH (below 0.3), 9 of which are negatively correlated. The least correlated is Franklin FTSE Taiwan ETF (FLTW) (Taiwan Equities) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Taiwan ETF | -0.09 | -0.01 | 0.09 | 94 | Taiwan Equities, Asia Pacific Equities | CAH vs FLTW | |
| Fidelity MSCI Information Technology Index ETF | -0.08 | 0.04 | 0.14 | 58 | Technology Equities | CAH vs FTEC | |
| iShares MSCI South Korea ETF | -0.04 | 0.01 | 0.11 | 90 | South Korea Equities, Asia Pacific Equities | CAH vs EWY | |
| iShares MSCI Japan ETF | -0.04 | 0.06 | 0.18 | 62 | Japan Equities, Asia Pacific Equities | CAH vs EWJ | |
| iShares Core MSCI Emerging Markets ETF | -0.03 | 0.02 | 0.12 | 59 | Emerging Markets Diversified | CAH vs IEMG |
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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 Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of -0.15, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | -0.15 | -0.03 | 0.03 | 63 | Consumer Cyclical | |
| Valero Energy Corporation | -0.12 | 0.01 | 0.12 | 95 | Energy | |
| Rambus Inc. | -0.11 | -0.03 | 0.06 | 71 | Technology | |
| IREN Limited | -0.11 | -0.06 | -0.03 | 80 | Financial Services | |
| Energy Transfer LP | -0.11 | 0.04 | 0.18 | 84 | Energy |
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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