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22 Stocks and 78 ETFs for diversifying CBLS (CLOUGH HEDGED EQUITY ETF)

The least correlated asset to CBLS (CLOUGH HEDGED EQUITY ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with CBLS

SymbolName
Market cap
SectorIndustry
Correlation
PVLAPalvella Therapeutics Inc$2.18BHealthcareBiotechnology-0.67
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.62
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.57
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.54
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.53
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.52
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.51
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.50
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.49
JCAPJefferson Capital Inc$1.06BFinancial ServicesCredit Services-0.47
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.47
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.47
NTWOUNewbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$184MFinancial ServicesShell Companies-0.44
ZBIOZenas Biopharma Inc$1.83BHealthcareBiotechnology-0.42
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.42
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.41
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.40
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.40
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.38
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.38
WGRXWellgistics Health Inc$6.79MHealthcarePharmaceutical Retailers-0.38
FBYDFalcon`s Beyond Global Inc - Class A$617MIndustrialsConglomerates-0.37

ETFs that lowly correlated with CBLS

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.76
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.69
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.66
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.65
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.64
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.61
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.60
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.59
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.59
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.59
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.58
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.58
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.57
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.56
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.56
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.56
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.56
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.55
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.55
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.55
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.55
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.54
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.54
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.53
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.53
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.53
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.53
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-0.52
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.51
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.50
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.50
IBTPISHARES IBONDS DEC 2034 TERM TREASURY ETF $277M0.07%Jun 11, 2024-0.50
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.50
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.50
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.50
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.50
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.49
FPASFPA SHORT DURATION GOVERNMENT ETF $9.90M0.10%Oct 31, 2024-0.49
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.48
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.48
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.48
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.47
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.46
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.46
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.46
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.46
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.46
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.46
LDDRStone Ridge 2035 Term Income ETF$42M0.25%Jan 3, 2025-0.45
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.45
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.45
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.44
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.43
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.43
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.43
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.43
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.42
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.42
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.41
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.41
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.41
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.41
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.41
SPTBSTATE STREET(R) SPDR(R) PORTFOLIO TREASURY ETF $286M0.03%May 20, 2024-0.40
EDGF3EDGE DYNAMIC FIXED INCOME ETF $479M0.79%Oct 2, 2024-0.40
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.40
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.39
GENTGENTER CAPITAL TAXABLE QUALITY INTERMEDIATE ETF $98M0.38%May 21, 2024-0.39
IBGKISHARES IBONDS DEC 2054 TERM TREASURY ETF $5.80M0.07%Jun 11, 2024-0.39
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.39
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.39
WNTRYieldMax Short MSTR Option Income Strategy ETF$81M1.00%Mar 26, 2025-0.39
ILSBROOKMONT CATASTROPHIC BOND ETF $77M1.58%Mar 31, 2025-0.38
IBGAISHARES IBONDS DEC 2044 TERM TREASURY ETF $101M0.07%Jun 11, 2024-0.38
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.38
MLDRGLOBAL X INTERMEDIATE-TERM TREASURY LADDER ETF $8.80M0.12%Sep 9, 2024-0.37
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.37