Looking to balance out your exposure to CLBT? The ETFs below have the lowest correlation with CLBT — they tend to move on their own, which can help reduce risk when CLBT drops. The stock ideas table highlights individual companies that behave independently from CLBT.
Best Diversifiers for CLBT
1 ETFs have low correlation with CLBT (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Quantum ETF (QTUM) (Technology Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | 0.28 | 0.36 | — | 89 | Technology Equities | CLBT vs QTUM | |
| Vanguard S&P 500 ETF | 0.32 | 0.39 | — | 63 | S&P 500 | CLBT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.39 | — | 63 | S&P 500 | CLBT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLBT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLBT and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.05 | 0.10 | 0.09 | 75 | Healthcare | |
| Lockheed Martin Corporation | -0.02 | -0.03 | -0.01 | 56 | Industrials | |
| United Therapeutics Corporation | -0.01 | 0.07 | 0.10 | 94 | Healthcare | |
| Monolithic Power Systems, Inc. | 0.01 | 0.25 | 0.27 | 88 | Technology | |
| KLA Corporation | 0.04 | 0.22 | 0.22 | 96 | Technology |
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