Looking to balance out your exposure to CL? The ETFs below have the lowest correlation with CL — they tend to move on their own, which can help reduce risk when CL drops. The stock ideas table highlights individual companies that behave independently from CL.
Best Diversifiers for CL
277 ETFs have low correlation with CL (below 0.3), 127 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.28, roughly unchanged from -0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.28 | -0.22 | — | 56 | Derivative Income, Options Trading | CL vs NVDY | |
| ProShares Ultra Semiconductors | -0.27 | -0.21 | -0.08 | 89 | Leveraged Equities, Semiconductors | CL vs USD | |
| iShares Global Tech ETF | -0.21 | -0.09 | 0.03 | 88 | Technology Equities | CL vs IXN | |
| Fidelity MSCI Information Technology Index ETF | -0.20 | -0.13 | 0.02 | 77 | Technology Equities | CL vs FTEC | |
| Direxion Daily Technology Bull 3X Shares | -0.20 | -0.12 | 0.03 | 84 | Leveraged Equities, Technology Equities | CL vs TECL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.30, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.30 | -0.22 | -0.09 | 80 | Technology | |
| Oracle Corporation | -0.28 | -0.10 | 0.04 | 61 | Technology | |
| Credo Technology Group Holding Ltd | -0.28 | -0.23 | -0.13 | 85 | Technology | |
| CrowdStrike Holdings, Inc. | -0.25 | -0.13 | -0.08 | 72 | Technology | |
| Cloudflare, Inc. | -0.23 | -0.13 | -0.07 | 69 | Technology |
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