Looking to balance out your exposure to CBL? The ETFs below have the lowest correlation with CBL — they tend to move on their own, which can help reduce risk when CBL drops. The stock ideas table highlights individual companies that behave independently from CBL.
Best Diversifiers for CBL
9 ETFs have low correlation with CBL (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard 0-3 Month Treasury Bill ETF | -0.14 | — | — | 100 | Ultrashort Bond | CBL vs VBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.02 | — | 100 | Ultrashort Bond | CBL vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.01 | — | 100 | Government Bonds, Ultrashort Bond | CBL vs BIL | |
| Tortoise North American Pipeline Fund | 0.04 | 0.27 | — | 80 | Energy Equities | CBL vs TPYP | |
| Invesco QQQ ETF | 0.07 | 0.22 | — | 53 | Nasdaq-100 | CBL vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBL and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.09, down from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.09 | 0.12 | — | 57 | Energy | |
| Vertiv Holdings Co. | -0.08 | 0.10 | — | 92 | Industrials | |
| Applied Optoelectronics, Inc. | -0.08 | 0.11 | — | 89 | Technology | |
| Eaton Corporation plc | -0.04 | 0.16 | — | 54 | Industrials | |
| GLOBALFOUNDRIES Inc. | -0.03 | 0.15 | — | 70 | Technology |
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