Looking to balance out your exposure to CASH? The ETFs below have the lowest correlation with CASH — they tend to move on their own, which can help reduce risk when CASH drops. The stock ideas table highlights individual companies that behave independently from CASH.
Best Diversifiers for CASH
18 ETFs have low correlation with CASH (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.04 | -0.04 | -0.07 | 100 | Government Bonds, Ultrashort Bond | CASH vs TFLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | 0.02 | 0.02 | 100 | Ultrashort Bond | CASH vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | 0.04 | 0.07 | 0.07 | 85 | Inflation-Protected Bonds | CASH vs STIP | |
| US Treasury 6 Month Bill ETF | 0.06 | 0.05 | — | 100 | Ultrashort Bond | CASH vs XBIL | |
| SPDR SSgA Multi-Asset Real Return ETF | 0.16 | 0.27 | 0.36 | 74 | Hedge Fund | CASH vs RLY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CASH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CASH and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.04 | 0.09 | 0.15 | 96 | Healthcare | |
| The Coca-Cola Company | -0.00 | 0.06 | 0.18 | 74 | Consumer Defensive | |
| Eli Lilly and Company | 0.02 | 0.05 | 0.10 | 74 | Healthcare | |
| Broadcom Inc. | 0.02 | 0.16 | 0.26 | 72 | Technology | |
| Verizon Communications Inc. | 0.03 | 0.09 | 0.14 | 66 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CASH
Add CASH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CASH