Looking to balance out your exposure to CAVA? The ETFs below have the lowest correlation with CAVA — they tend to move on their own, which can help reduce risk when CAVA drops. The stock ideas table highlights individual companies that behave independently from CAVA.
Best Diversifiers for CAVA
0 ETFs have low correlation with CAVA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.32, roughly unchanged from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.32 | 0.42 | — | 59 | Nasdaq-100 | CAVA vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.46 | — | 60 | S&P 500 | CAVA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAVA and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.08, down from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.08 | 0.18 | — | 70 | Energy | |
| Duke Energy Corporation | -0.04 | -0.05 | -0.06 | 64 | Utilities | |
| AbbVie Inc. | -0.04 | -0.01 | -0.02 | 74 | Healthcare | |
| Chevron Corporation | -0.01 | 0.04 | 0.04 | 70 | Energy | |
| ConocoPhillips Company | -0.01 | 0.04 | — | 65 | Energy |
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