Looking to balance out your exposure to CLFD? The ETFs below have the lowest correlation with CLFD — they tend to move on their own, which can help reduce risk when CLFD drops. The stock ideas table highlights individual companies that behave independently from CLFD.
Best Diversifiers for CLFD
0 ETFs have low correlation with CLFD (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 0.50, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.50 | 0.50 | 0.53 | 74 | S&P 500 | CLFD vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLFD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLFD and solid risk/return profiles. The least correlated is Brookfield Infrastructure Partners LP (BIP) (Utilities) with a 1Y correlation of 0.22, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Infrastructure Partners LP | 0.22 | 0.32 | 0.31 | 71 | Utilities | |
| Credo Technology Group Holding Ltd | 0.23 | 0.31 | — | 85 | Technology | |
| Skyworks Solutions, Inc. | 0.25 | 0.38 | 0.44 | 53 | Technology | |
| AST SpaceMobile, Inc. | 0.28 | 0.30 | 0.32 | 89 | Communication Services | |
| InterDigital, Inc. | 0.29 | 0.33 | 0.36 | 53 | Communication Services |
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