Looking to diversify beyond CATH? The ETFs below have the lowest correlation with CATH — 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 CATH.
Best Diversifiers for CATH
379 ETFs have low correlation with CATH (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.07 | 0.09 | 71 | Oil & Gas | CATH vs DBE | |
| United States Oil Fund LP | -0.31 | -0.06 | 0.08 | 66 | Oil & Gas | CATH vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.06 | 0.08 | 65 | Oil & Gas | CATH vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | CATH vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.04 | 0.10 | 55 | Oil & Gas | CATH vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CATH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CATH and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.51, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.51 | 0.56 | 0.68 | 89 | Technology |
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