Looking to diversify beyond CLOA? The ETFs below have the lowest correlation with CLOA — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CLOA.
Best Diversifiers for CLOA
2113 ETFs have low correlation with CLOA (below 0.3), 109 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SGI Enhanced Core ETF | -0.14 | — | — | 94 | Intermediate Core Bond | CLOA vs USDX | |
| iShares iBonds 2025 Term High Yield & Income ETF | -0.12 | -0.01 | — | 97 | High Yield Bonds | CLOA vs IBHE | |
| USCF Sustainable Commodity Strategy Fund | -0.12 | — | — | 84 | Commodities | CLOA vs ZSC | |
| First Trust New York High Income Municipal ETF | -0.11 | 0.00 | — | 68 | Municipal Bonds | CLOA vs FMNY | |
| ProShares UltraShort Yen | -0.11 | 0.02 | — | 61 | Leveraged Currency | CLOA vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLOA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLOA and solid risk/return profiles. The least correlated is Eagle Point Credit Company Inc. (ECCC) (Financial Services) with a 1Y correlation of -0.10, down from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | -0.10 | 0.02 | — | 81 | Financial Services | |
| Altria Group, Inc. | -0.06 | 0.04 | — | 69 | Consumer Defensive | |
| Capital Southwest Corporation | 0.06 | 0.07 | — | 76 | Financial Services | |
| Trinity Capital Inc. | 0.09 | 0.06 | — | 80 | Financial Services | |
| Reaves Utility Income Trust | 0.10 | 0.06 | — | 78 | Financial Services |
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