Looking to balance out your exposure to CLS? The ETFs below have historically moved differently from CLS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CLS
114 ETFs have low correlation with CLS (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) (Dividend) with a 1Y correlation of -0.19, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.19 | -0.02 | 0.18 | 53 | Dividend, S&P 500, Low Volatility | CLS vs SPHD | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.17 | 0.03 | 0.21 | 92 | Large Cap Value Equities, Dividend | CLS vs FDL | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.16 | -0.04 | 0.14 | 61 | Dividend, Low Volatility | CLS vs LVHD | |
| iShares Core High Dividend ETF | -0.15 | -0.01 | 0.18 | 92 | Dividend, Large Cap Value Equities | CLS vs HDV | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.04 | -0.01 | 100 | Ultrashort Bond | CLS vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.40, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.40 | -0.12 | 0.04 | 67 | Financial Services | |
| W. R. Berkley Corporation | -0.33 | -0.10 | 0.06 | 56 | Financial Services | |
| Duke Energy Corporation | -0.28 | -0.21 | -0.07 | 56 | Utilities | |
| Chubb Limited | -0.26 | -0.12 | 0.06 | 89 | Financial Services | |
| RenaissanceRe Holdings Ltd. | -0.25 | -0.06 | 0.05 | 81 | Financial Services |
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