Looking to diversify beyond CLSM? The ETFs below have the lowest correlation with CLSM — 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 CLSM.
Best Diversifiers for CLSM
398 ETFs have low correlation with CLSM (below 0.3), 52 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.48, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CLSM vs SBIT | |
| ProShares Short Bitcoin ETF | -0.48 | -0.36 | -0.33 | 57 | Cryptocurrency | CLSM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 68 | Inverse Equities, Leveraged Equities | CLSM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.43 | -0.43 | 60 | Inverse Equities | CLSM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | CLSM vs WNTR |
See all 2046 diversifiers for CLSM
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