Looking to diversify beyond CLOX? The ETFs below have historically moved differently from CLOX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CLOX
2242 ETFs have low correlation with CLOX (below 0.3), 81 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, down from -0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.04 | — | 56 | Leveraged Currency | CLOX vs YCS | |
| Franklin Liberty Systematic Style Premia ETF | -0.17 | 0.00 | — | 88 | Long-Short | CLOX vs FLSP | |
| KFA Mount Lucas Index Strategy ETF | -0.12 | 0.01 | — | 61 | Systematic Trend | CLOX vs KMLM | |
| First Trust Managed Futures Strategy Fund | -0.10 | 0.02 | — | 71 | Systematic Trend | CLOX vs FMF | |
| WisdomTree Managed Futures Strategy Fund | -0.10 | 0.05 | — | 87 | Systematic Trend | CLOX vs WTMF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.06 | 0.06 | — | 55 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.16 | 0.08 | — | 74 | Financial Services |
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