Looking to balance out your exposure to CLMT? The ETFs below have historically moved differently from CLMT, 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 CLMT
2 ETFs have low correlation with CLMT (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.03 | — | — | 54 | Nasdaq-100 | CLMT vs QQQ | |
| HSBC Holdings plc ADRhedged ETF | 0.00 | — | — | 92 | Financials Equities | CLMT vs HSBH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLMT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.10 | — | — | 74 | Utilities | |
| Dell Technologies Inc. | -0.02 | — | — | 97 | Technology | |
| Intel Corporation | 0.03 | — | — | 98 | Technology | |
| Entravision Communications Corporation | 0.04 | — | — | 99 | Communication Services | |
| Viasat, Inc. | 0.05 | — | — | 96 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CLMT
Add CLMT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLMT