Looking to diversify beyond CLIX? The ETFs below have historically moved differently from CLIX, 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 CLIX
804 ETFs have low correlation with CLIX (below 0.3), 150 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 52 | Inverse Equities | CLIX vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CLIX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.40 | -0.33 | — | 61 | Cryptocurrency | CLIX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | CLIX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | CLIX vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLIX, 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 Definium Therapeutics, Inc (DFTX) (Healthcare) with a 1Y correlation of 0.19, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Definium Therapeutics, Inc | 0.19 | 0.26 | 0.29 | 99 | Healthcare | |
| COMPASS Pathways plc | 0.22 | 0.25 | 0.35 | 91 | Healthcare | |
| Bank of America Corporation | 0.22 | 0.28 | 0.34 | 81 | Financial Services | |
| Cronos Group Inc. | 0.34 | 0.29 | 0.44 | 73 | Healthcare |
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