Looking to balance out your exposure to CLX? The ETFs below have the lowest correlation with CLX — they tend to move on their own, which can help reduce risk when CLX drops. The stock ideas table highlights individual companies that behave independently from CLX.
Best Diversifiers for CLX
11 ETFs have low correlation with CLX (below 0.3), 2 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.20, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.12 | -0.11 | 71 | Commodities | CLX vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.19 | -0.11 | -0.11 | 74 | Commodities | CLX vs PDBC | |
| PGIM AAA CLO ETF | 0.03 | 0.00 | 0.00 | 99 | CLO | CLX vs PAAA | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.08 | 0.06 | 0.04 | 87 | Materials | CLX vs REMX | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.09 | 0.06 | 0.08 | 99 | Corporate Bonds | CLX vs FLTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CLX and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.21 | -0.05 | 0.05 | 58 | Technology | |
| NVIDIA Corporation | -0.12 | -0.08 | -0.01 | 78 | Technology | |
| Seagate Technology plc | -0.10 | 0.01 | 0.05 | 99 | Technology | |
| GE Vernova Inc. | -0.08 | — | — | 87 | Utilities | |
| Equinor ASA | -0.06 | -0.01 | -0.04 | 82 | Energy |
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