Looking to balance out your exposure to CLFD? The ETFs below have historically moved differently from CLFD, 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 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 0.54, roughly unchanged from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.54 | 0.51 | 0.53 | 68 | S&P 500 | CLFD vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLFD, 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 Brookfield Infrastructure Partners L.P. (BIP) (Utilities) with a 1Y correlation of 0.13, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Infrastructure Partners L.P. | 0.13 | 0.30 | 0.30 | 91 | Utilities | |
| Credo Technology Group Holding Ltd | 0.30 | 0.33 | — | 74 | Technology | |
| AST SpaceMobile, Inc. | 0.32 | 0.32 | 0.32 | 52 | Technology | |
| InterDigital, Inc. | 0.32 | 0.34 | 0.37 | 58 | Communication Services | |
| Telefonaktiebolaget LM Ericsson (publ) | 0.35 | 0.36 | 0.35 | 75 | Technology |
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