Looking to balance out your exposure to CVLT? The ETFs below have the lowest correlation with CVLT — they tend to move on their own, which can help reduce risk when CVLT drops. The stock ideas table highlights individual companies that behave independently from CVLT.
Best Diversifiers for CVLT
1 ETFs have low correlation with CVLT (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.23, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.23 | 0.38 | 0.46 | 60 | Leveraged Equities, Semiconductors | CVLT vs USD | |
| Invesco QQQ ETF | 0.37 | 0.49 | 0.55 | 53 | Nasdaq-100 | CVLT vs QQQ | |
| Vanguard S&P 500 ETF | 0.38 | 0.50 | 0.56 | 66 | S&P 500 | CVLT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.50 | 0.56 | 65 | S&P 500 | CVLT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVLT and solid risk/return profiles. The least correlated is TeraWulf Inc. (WULF) (Technology) with a 1Y correlation of 0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TeraWulf Inc. | 0.00 | 0.20 | 0.22 | 94 | Technology | |
| Zijin Mining Group Co Ltd ADR | 0.02 | 0.03 | -0.00 | 69 | Basic Materials | |
| Powell Industries, Inc. | 0.04 | 0.26 | 0.30 | 96 | Industrials | |
| Quanta Services, Inc. | 0.06 | 0.29 | 0.33 | 86 | Industrials | |
| Fortress Transportation and Infrastructure Investo... | 0.08 | 0.29 | 0.32 | 80 | Industrials |
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