Looking to balance out your exposure to CLVT? The ETFs below have the lowest correlation with CLVT — they tend to move on their own, which can help reduce risk when CLVT drops. The stock ideas table highlights individual companies that behave independently from CLVT.
Best Diversifiers for CLVT
2 ETFs have low correlation with CLVT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.24, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.35 | 0.45 | 66 | S&P 500 | CLVT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.35 | 0.46 | 66 | S&P 500 | CLVT vs SPY |
Diversification Analysis
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