Looking to diversify beyond CARZ? The ETFs below have the lowest correlation with CARZ — 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 CARZ.
Best Diversifiers for CARZ
351 ETFs have low correlation with CARZ (below 0.3), 42 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.20 | -0.02 | 0.08 | 55 | Oil & Gas | CARZ vs UGA | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 95 | Inflation-Protected Bonds | CARZ vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | CARZ vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | CARZ vs IBIC | |
| Texas Capital Government Money Market ETF | -0.14 | — | — | 100 | Money Market | CARZ vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CARZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CARZ and solid risk/return profiles. The least correlated is Ally Financial Inc. (ALLY) (Financial Services) with a 1Y correlation of 0.33, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ally Financial Inc. | 0.33 | 0.42 | 0.52 | 66 | Financial Services | |
| General Motors Company | 0.39 | 0.41 | 0.56 | 87 | Consumer Cyclical |
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