Looking to balance out your exposure to CARG? The ETFs below have the lowest correlation with CARG — they tend to move on their own, which can help reduce risk when CARG drops. The stock ideas table highlights individual companies that behave independently from CARG.
Best Diversifiers for CARG
0 ETFs have low correlation with CARG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.32, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.48 | 0.53 | 74 | S&P 500 | CARG vs SPY | |
| Vanguard S&P 500 ETF | 0.33 | 0.49 | 0.53 | 74 | S&P 500 | CARG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CARG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CARG and solid risk/return profiles. The least correlated is Tenaris S.A. (TS) (Energy) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenaris S.A. | -0.02 | 0.16 | 0.20 | 95 | Energy | |
| Teekay Tankers Ltd. | 0.03 | 0.00 | 0.08 | 80 | Energy | |
| Dorian LPG Ltd. | 0.05 | 0.08 | 0.11 | 89 | Energy | |
| Warrior Met Coal, Inc. | 0.10 | 0.15 | 0.16 | 90 | Basic Materials | |
| InterDigital, Inc. | 0.13 | 0.33 | 0.37 | 53 | Communication Services |
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