Looking to diversify beyond CAS? The ETFs below have the lowest correlation with CAS — 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 CAS.
Best Diversifiers for CAS
358 ETFs have low correlation with CAS (below 0.3), 102 of which are negatively correlated. The least correlated is First Trust Merger Arbitrage ETF (MARB) (Long-Short) with a 1Y correlation of -0.71, roughly unchanged from -0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Merger Arbitrage ETF | -0.71 | -0.71 | -0.71 | 50 | Long-Short | CAS vs MARB | |
| Invesco SteelPath MLP & Energy Infrastructure ETF | -0.61 | -0.61 | -0.61 | 61 | Energy Equities | CAS vs PIPE | |
| Alerian Energy Infrastructure ETF | -0.60 | -0.60 | -0.60 | 50 | Energy Equities | CAS vs ENFR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.60 | -0.60 | -0.60 | 95 | Inflation-Protected Bonds | CAS vs IBID | |
| Obra High Grade Structured Products ETF | -0.58 | -0.58 | -0.58 | 96 | Multisector Bonds | CAS vs OGSP |
See all 2055 diversifiers for CAS
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Diversification Analysis
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