Looking to diversify beyond CLOA? The ETFs below have historically moved differently from CLOA, 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 CLOA
2301 ETFs have low correlation with CLOA (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.22, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.22 | -0.08 | — | 51 | Cryptocurrency | CLOA vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.20 | — | — | 69 | Derivative Income | CLOA vs WNTR | |
| ProShares UltraShort Yen | -0.18 | 0.00 | — | 59 | Leveraged Currency | CLOA vs YCS | |
| First Trust New York High Income Municipal ETF | -0.11 | 0.00 | — | 60 | Municipal Bonds | CLOA vs FMNY | |
| iMGP DBi Managed Futures Strategy ETF | -0.08 | -0.01 | -0.00 | 89 | Systematic Trend | CLOA vs DBMF |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLOA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.02, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.02 | 0.03 | 0.06 | 66 | Consumer Defensive | |
| Realty Income Corporation | 0.05 | 0.05 | — | 74 | Real Estate | |
| Capital Southwest Corporation | 0.07 | 0.06 | 0.06 | 72 | Financial Services | |
| Trinity Capital Inc. | 0.08 | 0.05 | — | 86 | Financial Services | |
| PIMCO Dynamic Income Opportunities Fund | 0.09 | 0.09 | — | 64 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CLOA
Add CLOA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CLOA