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
733 ETFs have low correlation with CLOD (below 0.3), 76 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | -0.49 | -0.49 | 60 | Inverse Equities | CLOD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.48 | -0.48 | 68 | Inverse Equities, Leveraged Equities | CLOD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | CLOD vs WNTR | |
| Direxion Daily MU Bull 2X Shares | -0.41 | -0.41 | -0.41 | 99 | Leveraged Equities, Semiconductors | CLOD vs MUU | |
| ProShares Short Bitcoin ETF | -0.38 | -0.36 | -0.36 | 57 | Cryptocurrency | CLOD vs BITI |
See all 2048 diversifiers for CLOD
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