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48 Stocks and 52 ETFs for diversifying China Automotive Systems (CAAS)

The least correlated asset to China Automotive Systems (CAAS) is company Eastern International (ELOG). The correlation is -0.6588.

Stocks that lowly correlated with CAAS

SymbolName
Market cap
SectorIndustry
Correlation
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.66
GSHRGesher Acquisition Corp II - Class A$157MFinancial ServicesShell Companies-0.64
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.62
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.59
IBGInnovation Beverage Group Ltd$1.60MConsumer DefensiveBeverages - Wineries & Distilleries-0.56
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.56
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.53
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.52
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.52
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.51
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.48
CRECre8 Enterprise Ltd Class A$6.60MIndustrialsSpecialty Business Services-0.47
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.47
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.42
JEM707 Cayman Holdings Ltd$3.49MConsumer CyclicalApparel Retail-0.41
ETSElite Express Holding Inc - Class A$13MIndustrialsTrucking-0.39
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.38
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.38
SZZLRSizzle Acquisition Corp II$1.47MN/AN/A-0.37
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.36
ELPWElong Power Holding Ltd$645KIndustrialsElectrical Equipment & Parts-0.36
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.36
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.35
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.35
CUPRCuprina Holdings (Cayman) Ltd - Class A$11MHealthcareMedical Instruments & Supplies-0.35
VEEAVeea Inc$9.93MTechnologyInformation Technology Services-0.34
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.33
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.33
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.33
ANROAlto Neuroscience Inc$973MHealthcareBiotechnology-0.33
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.33
CSAICloudastructure Inc - Class A$7.44MTechnologySoftware - Infrastructure-0.32
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.32
WTGURWintergreen Acquisition Corp$237KN/AN/A-0.31
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.31
LCCCLakeshore Acquisition III Corp$72MFinancial ServicesShell Companies-0.31
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.31
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.30
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.30
RYDERyde Group Ltd - Class A$4.70MTechnologySoftware - Application-0.30
BCGBinah Capital Group Inc$25MFinancial ServicesAsset Management-0.30
PXDTPixie Dust Technologies Inc$8.62MTechnologyConsumer Electronics-0.29
LGCBLinkage Global Inc$24MConsumer CyclicalInternet Retail-0.29
GNLXGenelux Corp$130MHealthcareBiotechnology-0.29
MGXMetagenomi Inc$49MHealthcareBiotechnology-0.29
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.29
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.29
ANSCUAgriculture & Natural Solutions Acquisition Corp - Units (1 Ord Class A & 1/2 War)$88MFinancial ServicesShell Companies-0.29

ETFs that lowly correlated with CAAS

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
TRSYXTRACKERS US 0-1 YEAR TREASURY ETF $68M0.06%Oct 8, 2024-0.56
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.54
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.48
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.47
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.45
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.44
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.43
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.42
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.40
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.40
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.40
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.39
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.39
OILDBank of Montreal$53MN/ANov 8, 2021-0.38
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.38
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.37
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.37
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.37
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.37
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.37
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.37
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.37
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.36
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.36
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.36
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.36
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.36
TBILF/M US TREASURY 3 MONTH BILL ETF $7.10B0.15%Aug 8, 2022-0.36
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.35
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.35
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.35
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.34
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.34
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.34
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.34
BOXXALPHA ARCHITECT 1-3 MONTH BOX ETF $13B0.19%Dec 27, 2022-0.34
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.33
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.33
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.32
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.32
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.32
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.32
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.32
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.32
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.32
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.31
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.31
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.31
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.31
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.30
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.29
PALDDirexion Daily PANW Bear 1X Shares$1.80M1.02%Feb 10, 2025-0.29