Looking to balance out your exposure to CART? The ETFs below have the lowest correlation with CART — they tend to move on their own, which can help reduce risk when CART drops. The stock ideas table highlights individual companies that behave independently from CART.
Best Diversifiers for CART
4 ETFs have low correlation with CART (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Physical Silver Shares ETF (SIVR) (Silver) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Physical Silver Shares ETF | 0.01 | 0.09 | 0.09 | 51 | Silver, Precious Metals | CART vs SIVR | |
| Invesco QQQ ETF | 0.11 | — | — | 74 | Nasdaq-100 | CART vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.12 | — | — | 74 | S&P 500 | CART vs SPY | |
| iShares U.S. Technology ETF | 0.14 | — | — | 76 | Technology Equities | CART vs IYW |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CART, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CART and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.13, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.13 | -0.03 | -0.03 | 94 | Healthcare | |
| YPF Sociedad Anónima | -0.09 | 0.09 | 0.09 | 75 | Energy | |
| DHT Holdings, Inc. | -0.06 | 0.02 | 0.02 | 82 | Energy | |
| British American Tobacco p.l.c. | -0.06 | 0.02 | 0.02 | 77 | Consumer Defensive | |
| Northrop Grumman Corporation | -0.05 | 0.00 | 0.00 | 54 | Industrials |
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