Looking to balance out your exposure to CLH? The ETFs below have the lowest correlation with CLH — they tend to move on their own, which can help reduce risk when CLH drops. The stock ideas table highlights individual companies that behave independently from CLH.
Best Diversifiers for CLH
3 ETFs have low correlation with CLH (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.22, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.22 | 0.38 | 0.41 | 53 | Nasdaq-100 | CLH vs QQQ | |
| Vanguard S&P 500 ETF | 0.29 | 0.47 | 0.50 | 66 | S&P 500 | CLH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.47 | 0.50 | 65 | S&P 500 | CLH vs SPY | |
| Vanguard Total Stock Market ETF | 0.31 | 0.50 | 0.53 | 66 | Large Cap Blend Equities | CLH vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLH and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.01 | 0.19 | 0.20 | 79 | Healthcare | |
| Cardinal Health, Inc. | 0.06 | 0.16 | 0.22 | 83 | Healthcare | |
| Iridium Communications Inc. | 0.06 | 0.15 | 0.24 | 68 | Communication Services | |
| Phillips 66 | 0.08 | 0.17 | 0.25 | 91 | Energy | |
| Monster Beverage Corporation | 0.09 | 0.14 | 0.23 | 94 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CLH
Add CLH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLH