Looking to balance out your exposure to CARE? The ETFs below have the lowest correlation with CARE — they tend to move on their own, which can help reduce risk when CARE drops. The stock ideas table highlights individual companies that behave independently from CARE.
Best Diversifiers for CARE
0 ETFs have low correlation with CARE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.35, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.35 | 0.36 | 0.42 | 74 | S&P 500 | CARE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.36 | 0.42 | 74 | S&P 500 | CARE vs SPY |
Diversification Analysis
Build a portfolio that complements CARE
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