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
966 ETFs have low correlation with CLOB (below 0.3), 88 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.19 | -0.16 | -0.16 | 60 | Inverse Equities | CLOB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | — | — | 68 | Inverse Equities, Leveraged Equities | CLOB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.18 | — | — | 70 | Derivative Income | CLOB vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.18 | -0.13 | -0.13 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CLOB vs SBIT | |
| ProShares Short Bitcoin ETF | -0.18 | -0.13 | -0.13 | 57 | Cryptocurrency | CLOB vs BITI |
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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 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.04 | 0.12 | 0.12 | 93 | Financial Services | |
| Realty Income Corporation | 0.08 | 0.09 | 0.09 | 74 | Real Estate | |
| Reaves Utility Income Trust | 0.15 | 0.16 | 0.16 | 74 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.15 | 0.17 | 0.17 | 73 | Financial Services | |
| NVIDIA Corporation | 0.19 | 0.17 | 0.17 | 65 | Technology |
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