Looking to balance out your exposure to CLS? The ETFs below have the lowest correlation with CLS — they tend to move on their own, which can help reduce risk when CLS drops. The stock ideas table highlights individual companies that behave independently from CLS.
Best Diversifiers for CLS
101 ETFs have low correlation with CLS (below 0.3), 9 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.02 | 0.01 | 100 | Ultrashort Bond | CLS vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.07 | 0.07 | 0.25 | 70 | Large Cap Value Equities, Dividend | CLS vs FDL | |
| United States Oil Fund LP | -0.06 | 0.06 | 0.12 | 66 | Oil & Gas | CLS vs USO | |
| iShares Core High Dividend ETF | -0.04 | 0.04 | 0.23 | 64 | Dividend, Large Cap Value Equities | CLS vs HDV | |
| State Street Energy Select Sector SPDR ETF | -0.03 | 0.11 | 0.22 | 63 | Energy Equities | CLS vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLS and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.26, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.26 | -0.07 | 0.07 | 58 | Financial Services | |
| Duke Energy Corporation | -0.22 | -0.16 | -0.04 | 53 | Utilities | |
| Verizon Communications Inc. | -0.21 | -0.11 | 0.01 | 59 | Communication Services | |
| Chubb Limited | -0.21 | -0.09 | 0.09 | 51 | Financial Services | |
| Murphy USA Inc. | -0.14 | 0.00 | 0.11 | 62 | Consumer Cyclical |
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