Looking to balance out your exposure to CCAP? The ETFs below have historically moved differently from CCAP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CCAP
10 ETFs have low correlation with CCAP (below 0.3), 1 of which are negatively correlated. The least correlated is KFA Mount Lucas Index Strategy ETF (KMLM) (Systematic Trend) with a 1Y correlation of -0.06, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KFA Mount Lucas Index Strategy ETF | -0.06 | -0.01 | -0.04 | 61 | Systematic Trend | CCAP vs KMLM | |
| VanEck IG Floating Rate ETF | 0.07 | 0.07 | 0.11 | 99 | Corporate Bonds, Ultrashort Bond | CCAP vs FLTR | |
| Janus Henderson AAA CLO ETF | 0.12 | 0.10 | 0.07 | 99 | CLO | CCAP vs JAAA | |
| Amplify Natural Resources Dividend Income ETF | 0.17 | 0.33 | — | 65 | Energy Equities, Dividend | CCAP vs NDIV | |
| Global X NASDAQ 100 Covered Call ETF | 0.20 | 0.27 | 0.26 | 83 | Nasdaq-100, Derivative Income | CCAP vs QYLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CCAP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enbridge Inc. (ENB) (Energy) with a 1Y correlation of 0.03, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | 0.03 | 0.22 | 0.25 | 85 | Energy | |
| Altria Group, Inc. | 0.03 | 0.08 | 0.12 | 66 | Consumer Defensive | |
| PG&E Corporation | 0.05 | 0.18 | 0.19 | 71 | Utilities | |
| International Seaways, Inc. | 0.06 | 0.15 | 0.16 | 99 | Energy | |
| Taseko Mines Limited | 0.11 | 0.23 | 0.22 | 87 | Basic Materials |
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