Looking to diversify beyond CLIP? The ETFs below have the lowest correlation with CLIP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CLIP.
Best Diversifiers for CLIP
2042 ETFs have low correlation with CLIP (below 0.3), 1552 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax TSM Option Income Strategy ETF | -0.19 | — | — | 85 | Derivative Income | CLIP vs TSMY | |
| Leverage Shares 2X Long TSM Daily ETF | -0.18 | — | — | 82 | Leveraged Equities | CLIP vs TSMG | |
| GraniteShares 2x Long TSM Daily ETF | -0.17 | — | — | 80 | Leveraged Equities | CLIP vs TSMU | |
| OneAscent Emerging Markets ETF | -0.17 | -0.05 | — | 76 | Emerging Markets Diversified | CLIP vs OAEM | |
| Direxion Daily TSM Bull 2X Shares | -0.17 | — | — | 82 | Leveraged Equities | CLIP vs TSMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLIP and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.17, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.17 | -0.04 | — | 93 | Technology | |
| Arista Networks, Inc. | -0.16 | -0.03 | — | 81 | Technology | |
| Western Digital Corporation | -0.09 | -0.02 | — | 99 | Technology | |
| Bloom Energy Corporation | -0.06 | 0.01 | — | 98 | Industrials | |
| Iridium Communications Inc. | -0.06 | -0.02 | — | 71 | Communication Services |
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