Looking to diversify beyond CLSE? The ETFs below have the lowest correlation with CLSE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CLSE.
Best Diversifiers for CLSE
527 ETFs have low correlation with CLSE (below 0.3), 104 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.25 | -0.23 | 57 | Cryptocurrency | CLSE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CLSE vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 60 | Inverse Equities | CLSE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | CLSE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | CLSE vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLSE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLSE and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.32, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.32 | -0.02 | 0.14 | 53 | Industrials | |
| Duke Energy Corporation | -0.25 | -0.14 | 0.03 | 66 | Utilities | |
| PepsiCo, Inc. | -0.23 | -0.13 | 0.06 | 53 | Consumer Defensive | |
| Altria Group, Inc. | -0.21 | -0.08 | 0.08 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.21 | -0.09 | 0.10 | 83 | Consumer Defensive |
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