Looking to diversify beyond CLOZ? The ETFs below have the lowest correlation with CLOZ — 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 CLOZ.
Best Diversifiers for CLOZ
1069 ETFs have low correlation with CLOZ (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, down from -0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.14 | — | 57 | Cryptocurrency | CLOZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | CLOZ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 68 | Inverse Equities, Leveraged Equities | CLOZ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 70 | Derivative Income | CLOZ vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | — | — | 60 | Inverse Equities | CLOZ vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLOZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLOZ and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.07, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.07 | 0.01 | 0.03 | 57 | Communication Services | |
| Altria Group, Inc. | -0.06 | 0.01 | 0.04 | 81 | Consumer Defensive | |
| Chubb Limited | -0.05 | 0.04 | 0.02 | 86 | Financial Services | |
| Lockheed Martin Corporation | -0.05 | -0.05 | -0.03 | 59 | Industrials | |
| Northrop Grumman Corporation | -0.05 | -0.06 | -0.04 | 51 | Industrials |
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Build a portfolio that complements CLOZ
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