Looking to diversify beyond CAIQ? The ETFs below have the lowest correlation with CAIQ — 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 CAIQ.
Best Diversifiers for CAIQ
349 ETFs have low correlation with CAIQ (below 0.3), 50 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.34 | -0.34 | -0.34 | 69 | Oil & Gas | CAIQ vs UGA | |
| Tortoise North American Pipeline Fund | -0.27 | -0.27 | -0.27 | 67 | Energy Equities | CAIQ vs TPYP | |
| Westwood Salient Enhanced Midstream Income ETF | -0.27 | -0.27 | -0.27 | 58 | Energy Equities | CAIQ vs MDST | |
| Global X MLP & Energy Infrastructure ETF | -0.24 | -0.24 | -0.24 | 63 | MLPs | CAIQ vs MLPX | |
| VanEck Energy Income ETF | -0.24 | -0.24 | -0.24 | 71 | Energy Equities | CAIQ vs EINC |
See all 2011 diversifiers for CAIQ
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