Looking to diversify beyond CAML? The ETFs below have the lowest correlation with CAML — 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 CAML.
Best Diversifiers for CAML
400 ETFs have low correlation with CAML (below 0.3), 86 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.46 | -0.46 | 60 | Inverse Equities | CAML vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.45 | -0.45 | 68 | Inverse Equities, Leveraged Equities | CAML vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.34 | -0.34 | 57 | Cryptocurrency | CAML vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CAML vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | CAML vs WNTR |
See all 2047 diversifiers for CAML
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