Looking to balance out your exposure to CLOV? The ETFs below have the lowest correlation with CLOV — they tend to move on their own, which can help reduce risk when CLOV drops. The stock ideas table highlights individual companies that behave independently from CLOV.
Best Diversifiers for CLOV
0 ETFs have low correlation with CLOV (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.31 | 0.41 | 70 | S&P 500 | CLOV vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLOV and solid risk/return profiles. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of 0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | 0.02 | 0.12 | 0.23 | 94 | Technology | |
| United Therapeutics Corporation | 0.11 | 0.17 | 0.14 | 86 | Healthcare | |
| NVIDIA Corporation | 0.12 | 0.11 | 0.28 | 78 | Technology | |
| Exelixis, Inc. | 0.13 | 0.16 | 0.25 | 56 | Healthcare | |
| PulteGroup, Inc. | 0.13 | 0.21 | 0.30 | 57 | Consumer Cyclical |
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