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
357 ETFs have low correlation with CAIQ (below 0.3), 68 of which are negatively correlated. The least correlated is Defiance Oil Enhanced Options Income ETF (USOY) (Derivative Income) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | -0.39 | -0.39 | -0.39 | 53 | Derivative Income | CAIQ vs USOY | |
| ProShares Ultra Bloomberg Crude Oil | -0.38 | -0.38 | -0.38 | 51 | Leveraged Commodities | CAIQ vs UCO | |
| United States Gasoline Fund LP | -0.37 | -0.37 | -0.37 | 69 | Oil & Gas | CAIQ vs UGA | |
| United States 12 Month Oil Fund LP | -0.37 | -0.37 | -0.37 | 53 | Oil & Gas | CAIQ vs USL | |
| Invesco DB Oil Fund | -0.35 | -0.35 | -0.35 | 62 | Oil & Gas | CAIQ vs DBO |
See all 1936 diversifiers for CAIQ
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