Looking to balance out your exposure to CBAT? The ETFs below have the lowest correlation with CBAT — they tend to move on their own, which can help reduce risk when CBAT drops. The stock ideas table highlights individual companies that behave independently from CBAT.
No Diversifiers Found for CBAT
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 CBAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBAT and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.10 | 0.09 | 0.21 | 59 | Technology | |
| Merck & Co., Inc. | 0.13 | 0.01 | -0.02 | 87 | Healthcare | |
| Eli Lilly and Company | 0.14 | 0.03 | 0.02 | 72 | Healthcare | |
| Dell Technologies Inc. | 0.18 | 0.11 | 0.18 | 96 | Technology | |
| Broadcom Inc. | 0.19 | 0.15 | 0.21 | 84 | Technology |
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