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
1946 ETFs have low correlation with CLOA (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.12, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.12 | 0.01 | — | 63 | Leveraged Currency | CLOA vs YCS | |
| SGI Enhanced Core ETF | -0.11 | — | — | 95 | Intermediate Core Bond | CLOA vs USDX | |
| First Trust New York High Income Municipal ETF | -0.09 | 0.00 | — | 70 | Municipal Bonds | CLOA vs FMNY | |
| USCF Sustainable Commodity Strategy Fund | -0.07 | — | — | 78 | Commodities | CLOA vs ZSC | |
| Obra Opportunistic Structured Products ETF | -0.07 | — | — | 72 | Multisector Bonds | CLOA vs OOSP |
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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 -0.12, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | -0.12 | 0.02 | 0.03 | 80 | Financial Services | |
| Altria Group, Inc. | -0.09 | 0.03 | — | 72 | Consumer Defensive | |
| Capital Southwest Corporation | 0.05 | 0.06 | — | 73 | Financial Services | |
| Trinity Capital Inc. | 0.08 | 0.06 | — | 88 | Financial Services | |
| Reaves Utility Income Trust | 0.09 | 0.05 | — | 79 | Financial Services |
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Build a portfolio that complements CLOA
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