Looking to diversify beyond CALI? The ETFs below have the lowest correlation with CALI — 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 CALI.
Best Diversifiers for CALI
1897 ETFs have low correlation with CALI (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.22 | -0.22 | 61 | Leveraged Currency | CALI vs YCS | |
| Invesco DWA Energy Momentum ETF | -0.11 | -0.03 | -0.03 | 63 | Momentum, Energy Equities | CALI vs PXI | |
| Invesco S&P SmallCap Energy ETF | -0.11 | -0.05 | -0.05 | 73 | Energy Equities | CALI vs PSCE | |
| VanEck AA-BB CLO ETF | -0.11 | — | — | 68 | CLO | CALI vs CLOB | |
| VanEck Energy Income ETF | -0.11 | 0.03 | 0.03 | 53 | Energy Equities | CALI vs EINC |
See all 2115 diversifiers for CALI
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