Looking to diversify beyond CHAU? The ETFs below have the lowest correlation with CHAU — 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 CHAU.
Best Diversifiers for CHAU
545 ETFs have low correlation with CHAU (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.17 | -0.14 | 61 | Leveraged Currency | CHAU vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.06 | -0.00 | 100 | Government Bonds, Ultrashort Bond | CHAU vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CHAU vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | CHAU vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.03 | 0.01 | 100 | Ultrashort Bond | CHAU vs SGOV |
See all 2075 diversifiers for CHAU
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Diversification Analysis
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