Looking to balance out your exposure to CLB? The ETFs below have the lowest correlation with CLB — they tend to move on their own, which can help reduce risk when CLB drops. The stock ideas table highlights individual companies that behave independently from CLB.
No Diversifiers Found for CLB
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 CLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLB and solid risk/return profiles. The least correlated is The Boeing Company (BA) (Industrials) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Boeing Company | 0.05 | 0.13 | 0.22 | 52 | Industrials | |
| NVIDIA Corporation | 0.06 | 0.09 | 0.15 | 66 | Technology | |
| Bristol-Myers Squibb Company | 0.11 | 0.12 | 0.12 | 71 | Healthcare | |
| Etsy, Inc. | 0.15 | 0.16 | 0.15 | 67 | Consumer Cyclical | |
| Corteva, Inc. | 0.16 | 0.25 | 0.34 | 57 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CLB
Add CLB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLB