Looking to diversify beyond CAIE? The ETFs below have the lowest correlation with CAIE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CAIE.
Best Diversifiers for CAIE
327 ETFs have low correlation with CAIE (below 0.3), 42 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | -0.45 | -0.45 | 53 | Inverse Equities | CAIE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.45 | -0.45 | 62 | Inverse Equities, Leveraged Equities | CAIE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | -0.41 | -0.41 | 63 | Derivative Income | CAIE vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | CAIE vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | CAIE vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAIE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAIE and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Compass Minerals International, Inc. | 0.35 | — | — | 73 | Basic Materials | |
| BlackRock Science and Technology Trust II | 0.61 | 0.61 | 0.61 | 94 | Financial Services |
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