Looking to balance out your exposure to CAIXY? The ETFs below have the lowest correlation with CAIXY — they tend to move on their own, which can help reduce risk when CAIXY drops. The stock ideas table highlights individual companies that behave independently from CAIXY.
No Diversifiers Found for CAIXY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAIXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAIXY and solid risk/return profiles. The least correlated is DBS Group Holdings Ltd ADR (DBSDY) (Financial Services) with a 1Y correlation of 0.29, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DBS Group Holdings Ltd ADR | 0.29 | 0.26 | 0.28 | 95 | Financial Services | |
| National Australia Bank Ltd ADR | 0.32 | 0.26 | 0.31 | 51 | Financial Services | |
| Industria de Diseno Textil SA ADR | 0.41 | 0.32 | 0.34 | 62 | Consumer Cyclical | |
| BNP Paribas SA ADR | 0.60 | 0.51 | 0.56 | 66 | Financial Services | |
| Societe Generale ADR | 0.68 | 0.49 | 0.55 | 76 | Financial Services |
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