Looking to diversify beyond CLSE? The ETFs below have historically moved differently from CLSE, 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 CLSE
583 ETFs have low correlation with CLSE (below 0.3), 123 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.26 | — | 51 | Cryptocurrency | CLSE vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | -0.25 | -0.25 | 69 | Derivative Income | CLSE vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | CLSE vs RBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.05 | — | 100 | Ultrashort Bond | CLSE vs SGOV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | CLSE vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CLSE, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.25, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.13 | 0.03 | 52 | Utilities | |
| Altria Group, Inc. | -0.23 | -0.09 | 0.07 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.22 | -0.10 | 0.09 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.21 | -0.11 | 0.02 | 66 | Communication Services | |
| Chevron Corporation | -0.16 | -0.03 | 0.14 | 79 | Energy |
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