Looking to balance out your exposure to CLF? The ETFs below have the lowest correlation with CLF — they tend to move on their own, which can help reduce risk when CLF drops. The stock ideas table highlights individual companies that behave independently from CLF.
Best Diversifiers for CLF
1 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 0.06, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.06 | 0.23 | 0.34 | 70 | Energy Equities | CLF vs XLE | |
| Vanguard FTSE Emerging Markets ETF | 0.40 | 0.40 | 0.42 | 56 | Emerging Markets Equities | CLF vs VWO | |
| Vanguard FTSE All-World ex-US ETF | 0.43 | 0.44 | 0.48 | 62 | Foreign Large Cap Equities | CLF vs VEU | |
| Vanguard Dividend Appreciation ETF | 0.45 | 0.42 | 0.45 | 60 | Dividend | CLF vs VIG | |
| Vanguard S&P 500 ETF | 0.47 | 0.45 | 0.47 | 74 | S&P 500 | CLF vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLF and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.03, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.03 | 0.18 | 0.30 | 74 | Energy | |
| Plains All American Pipeline, L.P. | -0.02 | 0.20 | 0.31 | 89 | Energy | |
| Enterprise Products Partners L.P. | 0.02 | 0.15 | 0.28 | 88 | Energy | |
| BP p.l.c. | 0.04 | 0.23 | 0.30 | 89 | Energy | |
| MongoDB, Inc. | 0.04 | 0.20 | 0.24 | 76 | Technology |
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Build a portfolio that complements CLF
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