Looking to balance out your exposure to CL? The ETFs below have historically moved differently from CL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CL
241 ETFs have low correlation with CL (below 0.3), 140 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.37, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.37 | -0.25 | -0.11 | 52 | Leveraged Equities, Semiconductors | CL vs USD | |
| State Street Technology Select Sector SPDR ETF | -0.35 | -0.18 | -0.01 | 55 | Technology Equities | CL vs XLK | |
| VanEck Fabless Semiconductor ETF | -0.35 | — | — | 65 | Semiconductors, Technology Equities | CL vs SMHX | |
| Fidelity MSCI Information Technology Index ETF | -0.35 | -0.18 | -0.02 | 52 | Technology Equities | CL vs FTEC | |
| Vanguard Information Technology ETF | -0.34 | -0.18 | -0.02 | 52 | Technology Equities | CL vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.32, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.32 | -0.26 | -0.16 | 74 | Technology | |
| NVIDIA Corporation | -0.32 | -0.23 | -0.10 | 56 | Technology | |
| Western Digital Corporation | -0.31 | -0.18 | -0.05 | 99 | Technology | |
| KLA Corporation | -0.31 | -0.17 | -0.05 | 87 | Technology | |
| Marvell Technology, Inc. | -0.31 | -0.19 | -0.09 | 87 | Technology |
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