Looking to diversify beyond CDL? The ETFs below have the lowest correlation with CDL — 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 CDL.
Best Diversifiers for CDL
1048 ETFs have low correlation with CDL (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.13 | -0.08 | 63 | Leveraged Currency | CDL vs YCS | |
| ProShares Ultra Semiconductors | -0.14 | 0.05 | 0.25 | 82 | Leveraged Equities, Semiconductors | CDL vs USD | |
| GraniteShares 2x Long MU Daily ETF | -0.09 | — | — | 98 | Leveraged Equities | CDL vs MULL | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.08 | — | — | 64 | Technology Equities | CDL vs FAI | |
| Columbia Select Technology ETF | -0.08 | 0.16 | 0.33 | 70 | Semiconductors, Technology Equities | CDL vs SEMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDL and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.31, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.31 | 0.52 | 0.60 | 79 | Financial Services |
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