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
3 ETFs have low correlation with CART (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.13 | — | — | 59 | Nasdaq-100 | CART vs QQQ | |
| iShares U.S. Technology ETF | 0.14 | — | — | 59 | Technology Equities | CART vs IYW | |
| State Street SPDR S&P 500 ETF | 0.14 | — | — | 60 | S&P 500 | CART vs SPY |
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 -0.14, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.14 | -0.03 | -0.03 | 96 | Healthcare | |
| British American Tobacco p.l.c. | -0.07 | 0.01 | 0.01 | 79 | Consumer Defensive | |
| YPF Sociedad Anónima | -0.06 | 0.08 | 0.08 | 64 | Energy | |
| Smithfield Foods, Inc | -0.05 | 0.04 | 0.04 | 53 | Consumer Defensive | |
| American Electric Power Company, Inc. | -0.04 | 0.00 | 0.00 | 87 | Utilities |
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