Looking to balance out your exposure to CTAS? The ETFs below have the lowest correlation with CTAS — they tend to move on their own, which can help reduce risk when CTAS drops. The stock ideas table highlights individual companies that behave independently from CTAS.
Best Diversifiers for CTAS
230 ETFs have low correlation with CTAS (below 0.3), 27 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.13 | -0.03 | 0.03 | 75 | Commodities | CTAS vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | -0.03 | 0.03 | 74 | Commodities | CTAS vs PDBC | |
| United States Oil Fund LP | -0.10 | -0.08 | -0.00 | 66 | Oil & Gas | CTAS vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.09 | -0.08 | 0.01 | 54 | Leveraged Commodities | CTAS vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | 0.05 | 0.04 | 100 | Ultrashort Bond | CTAS vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTAS and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.13, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.13 | 0.12 | 0.26 | 99 | Technology | |
| Nebius Group N.V. | -0.12 | 0.03 | 0.03 | 97 | Communication Services | |
| BP p.l.c. | -0.11 | -0.01 | 0.07 | 87 | Energy | |
| Seagate Technology plc | -0.09 | 0.19 | 0.30 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.08 | 0.16 | 0.30 | 98 | Technology |
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