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
94 ETFs have low correlation with CLS (below 0.3), 16 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.15, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | 0.04 | 0.22 | 70 | Large Cap Value Equities, Dividend | CLS vs FDL | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.03 | -0.01 | 100 | Ultrashort Bond | CLS vs SGOV | |
| iShares Core High Dividend ETF | -0.12 | 0.00 | 0.20 | 72 | Dividend, Large Cap Value Equities | CLS vs HDV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.05 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CLS vs BIL | |
| Vanguard Ultra-Short Treasury ETF | -0.10 | -0.15 | -0.15 | 100 | Ultrashort Bond, Government Bonds | CLS vs VGUS |
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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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.40, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.40 | -0.12 | 0.05 | 65 | Financial Services | |
| W. R. Berkley Corporation | -0.32 | -0.09 | 0.07 | 55 | Financial Services | |
| RenaissanceRe Holdings Ltd. | -0.32 | -0.10 | 0.04 | 83 | Financial Services | |
| Chubb Limited | -0.30 | -0.14 | 0.06 | 83 | Financial Services | |
| Waste Management, Inc. | -0.30 | -0.12 | 0.02 | 51 | Industrials |
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