Looking to balance out your exposure to CAMT? The ETFs below have the lowest correlation with CAMT — they tend to move on their own, which can help reduce risk when CAMT drops. The stock ideas table highlights individual companies that behave independently from CAMT.
Best Diversifiers for CAMT
1 ETFs have low correlation with CAMT (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | 0.01 | 0.04 | 0.09 | 100 | Ultrashort Bond | CAMT vs MINT | |
| Invesco S&P 500 Top 50 ETF | 0.39 | 0.45 | 0.52 | 56 | S&P 500 | CAMT vs XLG | |
| iShares S&P 100 ETF | 0.42 | 0.45 | 0.52 | 64 | Large Cap Blend Equities | CAMT vs OEF | |
| iShares Core S&P U.S. Growth ETF | 0.47 | 0.51 | 0.56 | 59 | Large Cap Growth Equities | CAMT vs IUSG | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.47 | 0.53 | 70 | S&P 500 | CAMT vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAMT and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.08, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.08 | -0.04 | 0.07 | 83 | Energy | |
| Murphy USA Inc. | -0.06 | 0.05 | 0.07 | 62 | Consumer Cyclical | |
| Eli Lilly and Company | -0.02 | 0.13 | 0.10 | 72 | Healthcare | |
| Walmart Inc. | -0.02 | 0.06 | 0.09 | 63 | Consumer Defensive | |
| Merck & Co., Inc. | -0.01 | -0.03 | -0.05 | 87 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CAMT
Add CAMT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAMT