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
902 ETFs have low correlation with CLOB (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.17 | — | — | 55 | Oil & Gas | CLOB vs UGA | |
| ProShares UltraShort Yen | -0.17 | — | — | 63 | Leveraged Currency | CLOB vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | -0.06 | -0.06 | 95 | Inflation-Protected Bonds | CLOB vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | CLOB vs IBIC | |
| iShares Short-Term California Muni Active ETF | -0.12 | — | — | 93 | Municipal Bonds | CLOB vs CALI |
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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 0.07, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.07 | 0.14 | 0.14 | 88 | Financial Services | |
| Reaves Utility Income Trust | 0.15 | 0.17 | 0.17 | 79 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.18 | 0.18 | 0.18 | 67 | Financial Services | |
| NVIDIA Corporation | 0.20 | 0.17 | 0.17 | 72 | Technology |
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