Looking to balance out your exposure to CAL? The ETFs below have the lowest correlation with CAL — they tend to move on their own, which can help reduce risk when CAL drops. The stock ideas table highlights individual companies that behave independently from CAL.
Best Diversifiers for CAL
0 ETFs have low correlation with CAL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.45, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.45 | 0.40 | 0.43 | 70 | S&P 500 | CAL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.39 | 0.43 | 70 | S&P 500 | CAL vs SPY |
Diversification Analysis
Build a portfolio that complements CAL
Add CAL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAL