Looking to diversify beyond CLOI? The ETFs below have the lowest correlation with CLOI — 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 CLOI.
Best Diversifiers for CLOI
2191 ETFs have low correlation with CLOI (below 0.3), 102 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Macquarie Tax-Free USA Short Term ETF | -0.11 | — | — | 86 | Municipal Bonds | CLOI vs STAX | |
| iShares iBonds 1-5 Year TIPS Ladder ETF | -0.11 | — | — | 85 | Inflation-Protected Bonds | CLOI vs LDRI | |
| Invesco DB Energy Fund | -0.10 | -0.01 | — | 71 | Oil & Gas | CLOI vs DBE | |
| United States Gasoline Fund LP | -0.09 | 0.01 | — | 71 | Oil & Gas | CLOI vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.09 | -0.02 | 0.01 | 91 | Commodities | CLOI vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLOI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLOI and solid risk/return profiles. The least correlated is Ellington Financial Inc. (EFC) (Real Estate) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ellington Financial Inc. | 0.02 | 0.03 | 0.01 | 72 | Real Estate | |
| Capital Southwest Corporation | 0.06 | 0.09 | — | 78 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.08 | 0.06 | 0.03 | 80 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.13 | 0.12 | 0.09 | 96 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.15 | 0.07 | — | 64 | Financial Services |
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