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
675 ETFs have low correlation with CLOD (below 0.3), 78 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.15 | — | — | 98 | Commodities | CLOD vs BWET | |
| Invesco DB Energy Fund | -0.12 | — | — | 71 | Oil & Gas | CLOD vs DBE | |
| United States Oil Fund LP | -0.11 | — | — | 66 | Oil & Gas | CLOD vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.11 | — | — | 56 | Oil & Gas | CLOD vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.11 | 0.01 | 0.01 | 56 | Derivative Income | CLOD vs USOY |
See all 2190 diversifiers for CLOD
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Diversification Analysis
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