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
426 ETFs have low correlation with CAIQ (below 0.3), 77 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.27 | -0.27 | -0.27 | 59 | Energy Equities | CAIQ vs XLE | |
| ProShares Ultra Oil & Gas | -0.27 | -0.27 | -0.27 | 53 | Leveraged Equities | CAIQ vs DIG | |
| Fidelity MSCI Energy Index ETF | -0.25 | -0.25 | -0.25 | 60 | Energy Equities | CAIQ vs FENY | |
| Vanguard Energy ETF | -0.24 | -0.24 | -0.24 | 60 | Energy Equities | CAIQ vs VDE | |
| VanEck Energy Income ETF | -0.24 | -0.24 | -0.24 | 82 | Energy Equities | CAIQ vs EINC |
See all 2000 diversifiers for CAIQ
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