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
952 ETFs have low correlation with CDL (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.12 | -0.08 | 61 | Leveraged Currency | CDL vs YCS | |
| YieldMax NVDA Option Income Strategy ETF | -0.12 | -0.00 | — | 52 | Options Trading | CDL vs NVDY | |
| Leverage Shares 2X Long AVGO Daily ETF | -0.08 | -0.07 | -0.07 | 53 | Leveraged Equities | CDL vs AVGG | |
| Direxion Daily AVGO Bull 2X Shares | -0.08 | 0.03 | 0.03 | 53 | Leveraged Equities | CDL vs AVL | |
| Defiance Daily Target 2X Long AVGO ETF | -0.08 | 0.04 | 0.04 | 50 | Leveraged Equities | CDL vs AVGX |
See all 2113 diversifiers for CDL
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