Looking to balance out your exposure to CATO? The ETFs below have the lowest correlation with CATO — they tend to move on their own, which can help reduce risk when CATO drops. The stock ideas table highlights individual companies that behave independently from CATO.
Best Diversifiers for CATO
1 ETFs have low correlation with CATO (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.07, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.07 | 0.11 | 0.24 | 88 | Nasdaq-100, Derivative Income | CATO vs QYLD |
Diversification Analysis
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