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
1949 ETFs have low correlation with CLOI (below 0.3), 63 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.14 | — | — | 64 | Systematic Trend | CLOI vs FFUT | |
| iShares iBonds 1-5 Year TIPS Ladder ETF | -0.11 | — | — | 74 | Inflation-Protected Bonds | CLOI vs LDRI | |
| First Trust Alternative Absolute Return Strategy E... | -0.10 | -0.01 | — | 75 | Commodities | CLOI vs FAAR | |
| United States Gasoline Fund LP | -0.10 | 0.01 | 0.01 | 55 | Oil & Gas | CLOI vs UGA | |
| VanEck Commodity Strategy ETF | -0.09 | -0.01 | — | 57 | Commodities | CLOI vs PIT |
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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 DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.05, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.05 | 0.03 | — | 88 | Financial Services | |
| Ellington Financial Inc. | 0.06 | 0.04 | — | 67 | Real Estate | |
| Capital Southwest Corporation | 0.08 | 0.10 | — | 73 | Financial Services | |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fu... | 0.09 | 0.07 | 0.03 | 80 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.14 | 0.07 | — | 67 | Financial Services |
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