Looking to diversify beyond CARY? The ETFs below have the lowest correlation with CARY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CARY.
Best Diversifiers for CARY
336 ETFs have low correlation with CARY (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.33 | — | 61 | Leveraged Currency | CARY vs YCS | |
| VanEck Commodity Strategy ETF | -0.26 | -0.11 | -0.10 | 55 | Commodities | CARY vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.24 | -0.22 | -0.22 | 99 | Ultrashort Bond | CARY vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.24 | -0.10 | -0.10 | 70 | Commodities | CARY vs FAAR | |
| Fidelity Managed Futures ETF | -0.23 | -0.23 | -0.23 | 64 | Systematic Trend | CARY vs FFUT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CARY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CARY and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.23, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.23 | 0.17 | — | 81 | Financial Services |
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