Looking to balance out your exposure to CLPT? The ETFs below have the lowest correlation with CLPT — they tend to move on their own, which can help reduce risk when CLPT drops. The stock ideas table highlights individual companies that behave independently from CLPT.
Best Diversifiers for CLPT
0 ETFs have low correlation with CLPT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.36, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.36 | 0.42 | 0.46 | 54 | Nasdaq-100 | CLPT vs QQQM | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.45 | 0.48 | 65 | S&P 500 | CLPT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLPT and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.00 | 0.15 | 0.21 | 53 | Financial Services | |
| Visa Inc. | 0.10 | 0.22 | 0.29 | 50 | Financial Services | |
| Alphabet Inc. Class A | 0.18 | 0.23 | 0.31 | 96 | Communication Services | |
| Amazon.com, Inc | 0.23 | 0.30 | 0.37 | 56 | Consumer Cyclical | |
| Nebius Group N.V. | 0.23 | 0.32 | 0.32 | 91 | Communication Services |
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