Looking to diversify beyond CARY? The ETFs below have historically moved differently from CARY, 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 CARY
412 ETFs have low correlation with CARY (below 0.3), 111 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.40 | -0.19 | — | 55 | Oil & Gas | CARY vs USO | |
| Invesco DB Energy Fund | -0.40 | -0.20 | — | 72 | Oil & Gas | CARY vs DBE | |
| ProShares UltraShort Yen | -0.39 | -0.35 | — | 56 | Leveraged Currency | CARY vs YCS | |
| Invesco DB Oil Fund | -0.39 | -0.18 | -0.17 | 58 | Oil & Gas | CARY vs DBO | |
| United States Brent Oil Fund LP | -0.38 | -0.18 | -0.18 | 52 | Oil & Gas | CARY vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CARY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.20, roughly unchanged from 0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.20 | 0.16 | — | 55 | Financial Services |
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