Looking to balance out your exposure to CLNE? The ETFs below have the lowest correlation with CLNE — they tend to move on their own, which can help reduce risk when CLNE drops. The stock ideas table highlights individual companies that behave independently from CLNE.
Best Diversifiers for CLNE
2 ETFs have low correlation with CLNE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.11, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.11 | 0.23 | 0.35 | 73 | Nasdaq-100 | CLNE vs QQQ | |
| Vanguard S&P 500 ETF | 0.16 | 0.30 | 0.40 | 70 | S&P 500 | CLNE vs VOO | |
| ALPS Clean Energy ETF | 0.37 | 0.53 | 0.59 | 62 | Alternative Energy Equities | CLNE vs ACES | |
| State Street Energy Select Sector SPDR ETF | 0.41 | 0.36 | 0.41 | 63 | Energy Equities | CLNE vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLNE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLNE and solid risk/return profiles. The least correlated is Frontline Ltd. (FRO) (Energy) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.03 | 0.08 | 0.17 | 89 | Energy | |
| Entergy Corporation | 0.07 | 0.12 | 0.11 | 83 | Utilities | |
| Hecla Mining Company | 0.07 | 0.23 | 0.27 | 87 | Basic Materials | |
| Copa Holdings, S.A. | 0.11 | 0.24 | 0.31 | 64 | Industrials | |
| AGNC Investment Corp. | 0.16 | 0.29 | 0.37 | 76 | Real Estate |
Build a portfolio that complements CLNE
Add CLNE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLNE