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
538 ETFs have low correlation with CLSE (below 0.3), 120 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.23, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | -0.21 | -0.21 | 98 | Inflation-Protected Bonds | CLSE vs RBIL | |
| United States Oil Fund LP | -0.21 | -0.05 | — | 66 | Oil & Gas | CLSE vs USO | |
| Invesco DB Energy Fund | -0.21 | -0.05 | — | 71 | Oil & Gas | CLSE vs DBE | |
| United States Brent Oil Fund LP | -0.20 | -0.05 | 0.04 | 65 | Oil & Gas | CLSE vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | -0.05 | -0.05 | 56 | Derivative Income | CLSE vs USOY |
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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 Progyny, Inc. (PGNY) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Progyny, Inc. | 0.11 | 0.13 | — | 50 | Healthcare | |
| Cohen & Steers Quality Income Realty Fund | 0.15 | 0.19 | 0.28 | 67 | Financial Services | |
| TKO Group Holdings Inc. | 0.16 | — | — | 68 | Communication Services | |
| Baidu, Inc. | 0.23 | 0.20 | — | 74 | Communication Services | |
| IonQ, Inc. | 0.25 | 0.31 | — | 65 | Technology |
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