Looking to balance out your exposure to CLDX? The ETFs below have historically moved differently from CLDX, 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 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 0.33, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.31 | 0.37 | 67 | S&P 500 | CLDX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLDX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.11, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.11 | 0.13 | 0.23 | 89 | Technology | |
| Green Brick Partners, Inc. | 0.11 | 0.21 | 0.27 | 57 | Consumer Cyclical | |
| UFP Technologies, Inc. | 0.13 | 0.25 | 0.27 | 54 | Healthcare | |
| CSW Industrials Inc | 0.13 | — | — | 62 | Industrials | |
| Applied Digital Corporation | 0.17 | 0.22 | 0.20 | 78 | Technology |
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