Looking to diversify beyond CARU? The ETFs below have historically moved differently from CARU, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CARU
350 ETFs have low correlation with CARU (below 0.3), 92 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 69 | Derivative Income | CARU vs WNTR | |
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | — | 51 | Cryptocurrency | CARU vs BITI | |
| Invesco DB Energy Fund | -0.31 | -0.06 | -0.05 | 66 | Oil & Gas | CARU vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.03 | -0.02 | 51 | Oil & Gas | CARU vs DBO | |
| United States Gasoline Fund, LP | -0.26 | -0.03 | — | 83 | Oil & Gas | CARU vs UGA |
See all 2292 diversifiers for CARU
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