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
2065 ETFs have low correlation with CLOA (below 0.3), 52 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 65 | Inverse Equities, Leveraged Equities | CLOA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | — | — | 56 | Inverse Equities | CLOA vs SMST | |
| ProShares Short Bitcoin ETF | -0.23 | -0.09 | -0.09 | 53 | Cryptocurrency | CLOA vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | CLOA vs WNTR | |
| ProShares UltraShort Yen | -0.14 | 0.00 | — | 72 | 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.02 | — | 78 | Consumer Defensive | |
| Realty Income Corporation | 0.05 | 0.06 | — | 69 | Real Estate | |
| Capital Southwest Corporation | 0.06 | 0.06 | — | 68 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.08 | 0.07 | — | 68 | Financial Services | |
| Trinity Capital Inc. | 0.08 | 0.06 | — | 90 | Financial Services |
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