Looking to balance out your exposure to CCLD? The ETFs below have the lowest correlation with CCLD — they tend to move on their own, which can help reduce risk when CCLD drops. The stock ideas table highlights individual companies that behave independently from CCLD.
Best Diversifiers for CCLD
1 ETFs have low correlation with CCLD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.21 | 0.26 | 70 | S&P 500 | CCLD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCLD and solid risk/return profiles. The least correlated is SoFi Technologies, Inc. (SOFI) (Financial Services) with a 1Y correlation of 0.32, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SoFi Technologies, Inc. | 0.32 | 0.23 | 0.28 | 51 | Financial Services |
Build a portfolio that complements CCLD
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