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
15 ETFs have low correlation with CLX (below 0.3), 4 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.21, down 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 | -0.21 | -0.13 | -0.11 | 54 | Commodities | CLX vs GSG | |
| State Street Technology Select Sector SPDR ETF | -0.20 | -0.06 | 0.04 | 54 | Technology Equities | CLX vs XLK | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.19 | -0.13 | -0.11 | 57 | Commodities | CLX vs PDBC | |
| Invesco QQQ ETF | -0.06 | 0.02 | 0.09 | 53 | Nasdaq-100 | CLX vs QQQ | |
| PGIM AAA CLO ETF | 0.04 | — | — | 99 | CLO | CLX vs PAAA |
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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 Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of -0.22, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | -0.22 | -0.06 | -0.01 | 60 | Technology | |
| Broadcom Inc. | -0.20 | -0.12 | -0.02 | 67 | Technology | |
| Seagate Technology plc | -0.19 | -0.04 | 0.03 | 98 | Technology | |
| NVIDIA Corporation | -0.16 | -0.09 | -0.02 | 63 | Technology | |
| GE Vernova Inc. | -0.14 | -0.03 | -0.03 | 86 | Industrials |
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