Looking to diversify beyond CLOU? The ETFs below have the lowest correlation with CLOU — 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 CLOU.
Best Diversifiers for CLOU
793 ETFs have low correlation with CLOU (below 0.3), 62 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.12 | -0.03 | — | 98 | Commodities | CLOU vs BWET | |
| United States Oil Fund LP | -0.12 | 0.00 | 0.06 | 66 | Oil & Gas | CLOU vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.10 | 0.02 | 0.07 | 56 | Oil & Gas | CLOU vs OILK | |
| Invesco DB Energy Fund | -0.10 | 0.00 | 0.07 | 71 | Oil & Gas | CLOU vs DBE | |
| United States 12 Month Oil Fund LP | -0.10 | 0.02 | 0.07 | 56 | Oil & Gas | CLOU vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLOU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLOU and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of 0.17, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | 0.17 | 0.39 | 0.52 | 94 | Technology | |
| Cadence Design Systems, Inc. | 0.53 | 0.58 | 0.63 | 70 | Technology |
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