Looking to balance out your exposure to CLF? The ETFs below have historically moved differently from CLF, 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 CLF
2 ETFs have low correlation with CLF (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.03, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.03 | 0.21 | 0.32 | 76 | Energy Equities | CLF vs XLE | |
| iShares MSCI Brazil ETF | 0.27 | 0.30 | 0.34 | 68 | Latin America Equities | CLF vs EWZ | |
| Vanguard FTSE Emerging Markets ETF | 0.39 | 0.38 | 0.42 | 51 | Emerging Markets Equities | CLF vs VWO | |
| Vanguard FTSE All-World ex-US ETF | 0.43 | 0.43 | 0.48 | 73 | Foreign Large Cap Equities | CLF vs VEU | |
| Vanguard Dividend Appreciation ETF | 0.45 | 0.42 | 0.45 | 75 | Dividend | CLF vs VIG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLF, 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 Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.05, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.05 | 0.17 | 0.29 | 93 | Energy | |
| Enterprise Products Partners L.P. | -0.03 | 0.12 | 0.26 | 89 | Energy | |
| Energy Transfer LP | -0.00 | 0.16 | 0.28 | 81 | Energy | |
| BP p.l.c. | -0.00 | 0.19 | 0.26 | 84 | Energy | |
| Apache Corporation | 0.00 | 0.21 | 0.30 | 90 | Energy |
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Build a portfolio that complements CLF
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