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 -0.10, 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 | -0.10 | -0.04 | -0.06 | 100 | Ultrashort Bond | CAPR vs SGOV | |
| PIMCO Short Term Municipal Bond Active ETF | -0.03 | 0.05 | 0.04 | 92 | Municipal Bonds | CAPR vs SMMU | |
| iShares 0-1 Year Treasury Bond ETF | -0.02 | 0.00 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CAPR vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 0.00 | -0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | CAPR vs USFR | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.08 | 0.03 | 0.03 | 92 | Corporate Bonds | CAPR vs SPSB |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.00 | 0.04 | 69 | Consumer Defensive | |
| The Hershey Company | -0.08 | -0.03 | -0.01 | 55 | Consumer Defensive | |
| Sibanye Stillwater Limited | 0.03 | 0.08 | 0.10 | 72 | Basic Materials | |
| Mitsui Engineering & Shipbuilding Co Ltd ADR | 0.05 | -0.03 | -0.03 | 87 | Industrials | |
| Seagate Technology plc | 0.06 | 0.12 | 0.15 | 99 | Technology |
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