Looking to balance out your exposure to CLDT? The ETFs below have the lowest correlation with CLDT — they tend to move on their own, which can help reduce risk when CLDT drops. The stock ideas table highlights individual companies that behave independently from CLDT.
Best Diversifiers for CLDT
0 ETFs have low correlation with CLDT (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 0.40, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.40 | 0.46 | 0.49 | 74 | S&P 500 | CLDT vs VOO | |
| Schwab U.S. Broad Market ETF | 0.41 | 0.49 | 0.52 | 73 | Large Cap Blend Equities | CLDT vs SCHB | |
| Schwab U.S. Dividend Equity ETF | 0.43 | 0.50 | 0.52 | 85 | Dividend | CLDT vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLDT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLDT and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.28, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.28 | 0.37 | 0.41 | 77 | Real Estate | |
| Millrose Properties, Inc | 0.38 | 0.38 | 0.38 | 56 | Real Estate | |
| Blackstone Mortgage Trust, Inc. | 0.51 | 0.51 | 0.53 | 53 | Real Estate | |
| Apple Hospitality REIT, Inc. | 0.73 | 0.71 | 0.76 | 86 | Real Estate | |
| DiamondRock Hospitality Company | 0.74 | 0.73 | 0.78 | 91 | Real Estate |
Build a portfolio that complements CLDT
Add CLDT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLDT