Looking to balance out your exposure to CAPR? The ETFs below have the lowest correlation with CAPR — they tend to move on their own, which can help reduce risk when CAPR drops. The stock ideas table highlights individual companies that behave independently from CAPR.
Best Diversifiers for CAPR
10 ETFs have low correlation with CAPR (below 0.3), 3 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.03 | -0.06 | 100 | Ultrashort Bond | CAPR vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.03 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | CAPR vs USFR | |
| PIMCO Short Term Municipal Bond Active ETF | -0.01 | 0.06 | 0.04 | 93 | Municipal Bonds | CAPR vs SMMU | |
| iShares 0-1 Year Treasury Bond ETF | 0.01 | 0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CAPR vs SHV | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.10 | 0.04 | 0.03 | 94 | Corporate Bonds | CAPR vs SPSB |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAPR and solid risk/return profiles. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | -0.09 | -0.05 | -0.02 | 53 | Consumer Defensive | |
| Altria Group, Inc. | -0.06 | -0.00 | 0.03 | 80 | Consumer Defensive | |
| Opendoor Technologies Inc. | 0.02 | 0.17 | 0.21 | 86 | Real Estate | |
| InnovAge Holding Corp. | 0.04 | 0.08 | 0.11 | 91 | Healthcare | |
| Humana Inc. | 0.05 | 0.05 | 0.09 | 78 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CAPR
Add CAPR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CAPR