Looking to balance out your exposure to CABO? The ETFs below have the lowest correlation with CABO — they tend to move on their own, which can help reduce risk when CABO drops. The stock ideas table highlights individual companies that behave independently from CABO.
No Diversifiers Found for CABO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CABO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CABO and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.02 | 0.11 | 0.19 | 79 | Consumer Defensive |
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