Looking to balance out your exposure to CSUAY? The ETFs below have the lowest correlation with CSUAY — they tend to move on their own, which can help reduce risk when CSUAY drops. The stock ideas table highlights individual companies that behave independently from CSUAY.
Best Diversifiers for CSUAY
22 ETFs have low correlation with CSUAY (below 0.3), 1 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) with a 1Y correlation of -0.03, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.03 | -0.05 | -0.06 | 96 | Mortgage Backed Securities | CSUAY vs FTSD | |
| Invesco Dynamic Pharmaceuticals ETF | 0.01 | 0.05 | 0.07 | 91 | Health & Biotech Equities | CSUAY vs PJP | |
| WisdomTree Japan SmallCap Dividend Fund | 0.04 | 0.13 | 0.16 | 58 | Japan Equities, Dividend, Asia Pacific Equities | CSUAY vs DFJ | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.02 | 0.04 | 89 | Inflation-Protected Bonds | CSUAY vs VTIP | |
| First Trust Low Duration Mortgage Opportunities ET... | 0.04 | 0.00 | 0.00 | 92 | Mortgage Backed Securities | CSUAY vs LMBS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSUAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSUAY and solid risk/return profiles. The least correlated is Indivior PLC Ordinary Shares (INDV) (Healthcare) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Indivior PLC Ordinary Shares | -0.13 | 0.04 | 0.07 | 98 | Healthcare | |
| Jazz Pharmaceuticals plc | -0.08 | -0.04 | 0.01 | 97 | Healthcare | |
| Brookfield Renewable Partners L.P. | -0.05 | 0.02 | 0.08 | 71 | Utilities | |
| CareTrust REIT, Inc. | -0.04 | 0.02 | 0.03 | 87 | Real Estate | |
| Lincoln Educational Services Corporation | -0.03 | 0.02 | 0.05 | 88 | Consumer Defensive |
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