Looking to diversify beyond CLOZ? The ETFs below have historically moved differently from CLOZ, 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 CLOZ
1216 ETFs have low correlation with CLOZ (below 0.3), 67 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CLOZ vs SBIT | |
| ProShares Short Bitcoin ETF | -0.28 | -0.15 | — | 61 | Cryptocurrency | CLOZ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 75 | Derivative Income | CLOZ vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 61 | Inverse Equities, Leveraged Equities | CLOZ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 52 | Inverse Equities | CLOZ vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLOZ, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.12, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.12 | -0.00 | 0.02 | 66 | Communication Services | |
| PepsiCo, Inc. | -0.09 | 0.03 | — | 50 | Consumer Defensive | |
| Chubb Limited | -0.08 | 0.03 | 0.01 | 89 | Financial Services | |
| Altria Group, Inc. | -0.08 | -0.00 | 0.03 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.08 | -0.00 | -0.00 | 70 | Energy |
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