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
14 ETFs have low correlation with CLX (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.16 | -0.03 | 0.05 | 66 | Technology Equities | CLX vs XLK | |
| Invesco QQQ ETF | -0.02 | 0.04 | 0.10 | 59 | Nasdaq-100 | CLX vs QQQ | |
| PGIM AAA CLO ETF | 0.02 | — | — | 99 | CLO | CLX vs PAAA | |
| VanEck IG Floating Rate ETF | 0.05 | 0.04 | 0.06 | 99 | Corporate Bonds, Ultrashort Bond | CLX vs FLTR | |
| VanEck Rare Earth and Strategic Metals ETF | 0.06 | 0.05 | 0.04 | 80 | Rare Earth & Strategic Metals | CLX vs REMX |
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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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.18, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.18 | -0.10 | -0.01 | 72 | Technology | |
| NVIDIA Corporation | -0.15 | -0.08 | -0.02 | 72 | Technology | |
| Seagate Technology plc | -0.14 | -0.01 | 0.04 | 99 | Technology | |
| GE Vernova Inc. | -0.11 | — | — | 89 | Industrials | |
| Dell Technologies Inc. | -0.09 | -0.06 | 0.01 | 96 | Technology |
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