Looking to balance out your exposure to CBFV? The ETFs below have historically moved differently from CBFV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CBFV
0 ETFs have low correlation with CBFV (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Regional Banking ETF (KRE) (Financials Equities) with a 1Y correlation of 0.40, up from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Regional Banking ETF | 0.40 | 0.33 | 0.22 | 53 | Financials Equities | CBFV vs KRE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CBFV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Credicorp Ltd. (BAP) (Financial Services) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credicorp Ltd. | 0.13 | 0.14 | 0.09 | 93 | Financial Services | |
| First Citizens BancShares, Inc. | 0.25 | 0.23 | 0.15 | 55 | Financial Services | |
| First Horizon Corporation | 0.29 | 0.23 | 0.15 | 68 | Financial Services | |
| National Bank Holdings Corporation | 0.35 | 0.30 | 0.20 | 69 | Financial Services |
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