Looking to balance out your exposure to CDLR? The ETFs below have the lowest correlation with CDLR — they tend to move on their own, which can help reduce risk when CDLR drops. The stock ideas table highlights individual companies that behave independently from CDLR.
No Diversifiers Found for CDLR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDLR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDLR and solid risk/return profiles. The least correlated is Babcock & Wilcox Enterprises, Inc. (BW) (Industrials) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Babcock & Wilcox Enterprises, Inc. | 0.10 | 0.16 | 0.16 | 99 | Industrials | |
| Green Plains Inc. | 0.10 | — | — | 92 | Basic Materials | |
| ESCO Technologies Inc. | 0.15 | 0.18 | 0.18 | 91 | Technology | |
| Clearway Energy, Inc. | 0.15 | — | — | 66 | Utilities | |
| Canadian Solar Inc. | 0.16 | — | — | 58 | Technology |
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