Looking to diversify beyond CLOB? The ETFs below have historically moved differently from CLOB, 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 CLOB
1049 ETFs have low correlation with CLOB (below 0.3), 101 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 52 | Inverse Equities | CLOB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 61 | Inverse Equities, Leveraged Equities | CLOB vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.22 | — | — | 75 | Derivative Income | CLOB vs WNTR | |
| ProShares Short Bitcoin ETF | -0.21 | — | — | 61 | Cryptocurrency | CLOB vs BITI | |
| United States Oil Fund LP | -0.21 | -0.16 | -0.16 | 55 | Oil & Gas | CLOB vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLOB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.05 | — | — | 89 | Financial Services | |
| Realty Income Corporation | 0.09 | 0.08 | 0.08 | 77 | Real Estate | |
| Cohen & Steers Infrastructure Fund, Inc | 0.18 | 0.17 | 0.17 | 74 | Financial Services | |
| NVIDIA Corporation | 0.18 | 0.18 | 0.18 | 56 | Technology | |
| Reaves Utility Income Trust | 0.19 | 0.18 | 0.18 | 55 | Financial Services |
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