Looking to balance out your exposure to CDLX? The ETFs below have the lowest correlation with CDLX — they tend to move on their own, which can help reduce risk when CDLX drops. The stock ideas table highlights individual companies that behave independently from CDLX.
Best Diversifiers for CDLX
0 ETFs have low correlation with CDLX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.34, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.38 | 0.46 | 70 | S&P 500 | CDLX vs VOO |
Diversification Analysis
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