Looking to balance out your exposure to CLPR? The ETFs below have the lowest correlation with CLPR — they tend to move on their own, which can help reduce risk when CLPR drops. The stock ideas table highlights individual companies that behave independently from CLPR.
Best Diversifiers for CLPR
1 ETFs have low correlation with CLPR (below 0.3), 0 of which are negatively correlated. The least correlated is Capital Group Dividend Value ETF (CGDV) (Large Cap Value Equities) with a 1Y correlation of 0.15, down from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group Dividend Value ETF | 0.15 | 0.25 | — | 72 | Large Cap Value Equities, Dividend | CLPR vs CGDV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLPR and solid risk/return profiles. The least correlated is Essex Property Trust, Inc. (ESS) (Real Estate) with a 1Y correlation of 0.23, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essex Property Trust, Inc. | 0.23 | 0.28 | 0.31 | 52 | Real Estate |
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