Looking to balance out your exposure to CLMB? The ETFs below have the lowest correlation with CLMB — they tend to move on their own, which can help reduce risk when CLMB drops. The stock ideas table highlights individual companies that behave independently from CLMB.
Best Diversifiers for CLMB
4 ETFs have low correlation with CLMB (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.03 | 0.02 | 100 | Ultrashort Bond | CLMB vs SGOV | |
| iShares Global Infrastructure ETF | 0.14 | 0.22 | 0.22 | 53 | Industrials Equities | CLMB vs IGF | |
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.33 | 0.30 | 77 | Dividend | CLMB vs SCHD | |
| Invesco QQQ ETF | 0.29 | 0.28 | 0.24 | 59 | Nasdaq-100 | CLMB vs QQQ | |
| Fidelity High Dividend ETF | 0.30 | 0.35 | 0.30 | 64 | Large Cap Blend Equities, Dividend | CLMB vs FDVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLMB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.01 | 0.05 | 72 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.09 | 0.09 | 0.11 | 85 | Consumer Defensive | |
| Cardinal Health, Inc. | -0.08 | -0.02 | 0.01 | 79 | Healthcare | |
| Chubb Limited | 0.01 | 0.06 | 0.09 | 69 | Financial Services | |
| Gold Fields Limited | 0.01 | 0.05 | 0.05 | 63 | Basic Materials |
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