Looking to balance out your exposure to CLSK? The ETFs below have the lowest correlation with CLSK — they tend to move on their own, which can help reduce risk when CLSK drops. The stock ideas table highlights individual companies that behave independently from CLSK.
Best Diversifiers for CLSK
42 ETFs have low correlation with CLSK (below 0.3), 5 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | CLSK vs USFR | |
| F/m US Treasury 3 Month Bill ETF | -0.12 | -0.01 | -0.02 | 100 | Ultrashort Bond | CLSK vs TBIL | |
| Alpha Architect 1-3 Month Box ETF | -0.11 | -0.00 | — | 100 | Ultrashort Bond | CLSK vs BOXX | |
| PIMCO Enhanced Short Maturity Active ETF | -0.08 | 0.05 | 0.09 | 100 | Ultrashort Bond | CLSK vs MINT | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.03 | -0.04 | 100 | Ultrashort Bond | CLSK vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLSK and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.15, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.15 | -0.05 | 0.03 | 72 | Financial Services | |
| Altria Group, Inc. | -0.11 | 0.02 | 0.03 | 74 | Consumer Defensive | |
| Verizon Communications Inc. | -0.10 | -0.03 | 0.01 | 62 | Communication Services | |
| The Coca-Cola Company | -0.06 | 0.01 | 0.05 | 74 | Consumer Defensive | |
| The TJX Companies, Inc. | -0.06 | 0.12 | 0.20 | 87 | Consumer Cyclical |
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