Looking to balance out your exposure to CARS? The ETFs below have the lowest correlation with CARS — they tend to move on their own, which can help reduce risk when CARS drops. The stock ideas table highlights individual companies that behave independently from CARS.
Best Diversifiers for CARS
1 ETFs have low correlation with CARS (below 0.3), 0 of which are negatively correlated. The least correlated is Amplify Lithium & Battery Technology ETF (BATT) (Commodity Producers Equities) with a 1Y correlation of 0.15, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify Lithium & Battery Technology ETF | 0.15 | 0.28 | 0.39 | 87 | Commodity Producers Equities | CARS vs BATT | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.44 | 0.51 | 70 | S&P 500 | CARS vs SPY |
Diversification Analysis
Build a portfolio that complements CARS
Add CARS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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