Looking to diversify beyond CLOD? The ETFs below have the lowest correlation with CLOD — 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 CLOD.
Best Diversifiers for CLOD
610 ETFs have low correlation with CLOD (below 0.3), 46 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.22, up from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.22 | -0.39 | -0.39 | 55 | Inverse Equities | CLOD vs NFXS | |
| Breakwave Tanker Shipping ETF | -0.14 | — | — | 98 | Commodities | CLOD vs BWET | |
| iShares Core High Dividend ETF | -0.14 | — | — | 70 | Dividend, Large Cap Value Equities | CLOD vs HDV | |
| 6 Meridian Hedged Equity-Index Option Strategy ETF | -0.13 | — | — | 57 | Volatility Hedged Equity | CLOD vs SIXH | |
| ProShares UltraShort Yen | -0.11 | — | — | 63 | Leveraged Currency | CLOD vs YCS |
See all 1951 diversifiers for CLOD
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