Looking to diversify beyond CLOB? The ETFs below have the lowest correlation with CLOB — 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 CLOB.
Best Diversifiers for CLOB
1011 ETFs have low correlation with CLOB (below 0.3), 91 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.22 | — | — | 66 | Oil & Gas | CLOB vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.21 | — | — | 56 | Derivative Income | CLOB vs USOY | |
| Invesco DB Oil Fund | -0.20 | — | — | 65 | Oil & Gas | CLOB vs DBO | |
| Invesco DB Energy Fund | -0.20 | — | — | 71 | Oil & Gas | CLOB vs DBE | |
| United States Brent Oil Fund LP | -0.20 | — | — | 65 | Oil & Gas | CLOB vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLOB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLOB and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.10 | 0.16 | 0.16 | 83 | Financial Services | |
| Reaves Utility Income Trust | 0.16 | 0.17 | 0.17 | 78 | Financial Services | |
| NVIDIA Corporation | 0.19 | 0.17 | 0.17 | 78 | Technology | |
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.19 | 0.19 | 63 | Financial Services |
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