Looking to diversify beyond CFA? The ETFs below have the lowest correlation with CFA — 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 CFA.
Best Diversifiers for CFA
376 ETFs have low correlation with CFA (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.04 | 0.11 | 71 | Oil & Gas | CFA vs DBE | |
| United States Oil Fund LP | -0.24 | -0.03 | 0.10 | 66 | Oil & Gas | CFA vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.23 | -0.01 | 0.12 | 56 | Oil & Gas | CFA vs OILK | |
| United States 12 Month Oil Fund LP | -0.22 | -0.03 | 0.12 | 56 | Oil & Gas | CFA vs USL | |
| United States Brent Oil Fund LP | -0.22 | -0.04 | 0.10 | 65 | Oil & Gas | CFA vs BNO |
See all 2189 diversifiers for CFA
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