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 | 0.05 | 0.09 | 100 | Ultrashort Bond | CAMT vs MINT | |
| iShares S&P 100 ETF | 0.43 | 0.46 | 0.53 | 57 | Large Cap Blend Equities | CAMT vs OEF | |
| iShares Core S&P 500 ETF | 0.49 | 0.48 | 0.54 | 66 | S&P 500 | CAMT vs IVV | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.48 | 0.54 | 66 | S&P 500 | CAMT vs SPY | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.55 | 0.54 | — | 65 | Nasdaq-100, Derivative Income | CAMT vs JEPQ |
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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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.29, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.29 | -0.07 | 0.04 | 68 | Financial Services | |
| Berkshire Hathaway Inc. | -0.14 | 0.00 | 0.15 | 53 | Financial Services | |
| Chevron Corporation | -0.09 | -0.05 | 0.06 | 70 | Energy | |
| Eli Lilly and Company | -0.08 | 0.12 | 0.10 | 80 | Healthcare | |
| Merck & Co., Inc. | -0.08 | -0.05 | -0.06 | 91 | Healthcare |
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Build a portfolio that complements CAMT
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