Looking to diversify beyond CALF? The ETFs below have the lowest correlation with CALF — 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 CALF.
Best Diversifiers for CALF
457 ETFs have low correlation with CALF (below 0.3), 25 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 60 | Inverse Equities, Leveraged Equities | CALF vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | -0.35 | -0.35 | 53 | Inverse Equities | CALF vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 65 | Derivative Income | CALF vs WNTR | |
| United States Gasoline Fund LP | -0.12 | 0.08 | 0.18 | 72 | Oil & Gas | CALF vs UGA | |
| ProShares UltraShort Yen | -0.12 | -0.06 | -0.03 | 75 | Leveraged Currency | CALF vs YCS |
See all 2060 diversifiers for CALF
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Diversification Analysis
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