Looking to diversify beyond CAPE? The ETFs below have the lowest correlation with CAPE — 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 CAPE.
Best Diversifiers for CAPE
407 ETFs have low correlation with CAPE (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, down from -0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.14 | — | 61 | Leveraged Currency | CAPE vs YCS | |
| United States Brent Oil Fund LP | -0.29 | -0.09 | — | 65 | Oil & Gas | CAPE vs BNO | |
| United States Oil Fund LP | -0.29 | -0.09 | 0.03 | 66 | Oil & Gas | CAPE vs USO | |
| Invesco DB Energy Fund | -0.28 | -0.08 | — | 71 | Oil & Gas | CAPE vs DBE | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.07 | 0.04 | 55 | Oil & Gas | CAPE vs OILK |
See all 2116 diversifiers for CAPE
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