Looking to balance out your exposure to CLDX? The ETFs below have the lowest correlation with CLDX — they tend to move on their own, which can help reduce risk when CLDX drops. The stock ideas table highlights individual companies that behave independently from CLDX.
Best Diversifiers for CLDX
0 ETFs have low correlation with CLDX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.31 | 0.37 | 67 | S&P 500 | CLDX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLDX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.13, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.13 | 0.16 | 0.27 | 90 | Technology | |
| Applied Digital Corporation | 0.15 | 0.21 | 0.20 | 91 | Technology | |
| Green Brick Partners, Inc. | 0.16 | 0.23 | 0.27 | 53 | Consumer Cyclical | |
| Tesla, Inc. | 0.18 | 0.20 | 0.27 | 66 | Consumer Cyclical | |
| Quanta Services, Inc. | 0.27 | 0.20 | 0.25 | 90 | Industrials |
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