Looking to diversify beyond CLIP? The ETFs below have historically moved differently from CLIP, 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 CLIP
2226 ETFs have low correlation with CLIP (below 0.3), 1583 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax TSM Option Income Strategy ETF | -0.19 | — | — | 76 | Derivative Income | CLIP vs TSMY | |
| Eaton Vance Floating-Rate ETF | -0.19 | — | — | 76 | Bank Loan | CLIP vs EVLN | |
| Leverage Shares 2X Long TSM Daily ETF | -0.18 | — | — | 66 | Leveraged Equities | CLIP vs TSMG | |
| GraniteShares 2x Long TSM Daily ETF | -0.18 | — | — | 62 | Leveraged Equities | CLIP vs TSMU | |
| Leverage Shares 2X Long ASML Daily ETF | -0.18 | -0.14 | -0.14 | 93 | Leveraged Equities | CLIP vs ASMG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLIP, 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 Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.17, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.17 | -0.04 | — | 87 | Technology | |
| Arista Networks, Inc. | -0.17 | -0.03 | — | 71 | Technology | |
| Western Digital Corporation | -0.10 | -0.02 | — | 99 | Technology | |
| Iridium Communications Inc. | -0.09 | -0.03 | — | 84 | Communication Services | |
| Bloom Energy Corporation | -0.06 | 0.01 | — | 97 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CLIP
Add CLIP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLIP