Looking to diversify beyond CBLS? The ETFs below have the lowest correlation with CBLS — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CBLS.
Best Diversifiers for CBLS
549 ETFs have low correlation with CBLS (below 0.3), 49 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CBLS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.29 | -0.29 | -0.31 | 57 | Cryptocurrency | CBLS vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | -0.31 | -0.31 | 68 | Inverse Equities, Leveraged Equities | CBLS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.33 | -0.33 | 60 | Inverse Equities | CBLS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 70 | Derivative Income | CBLS vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBLS and solid risk/return profiles. The least correlated is The Hartford Financial Services Group, Inc. (HIG) (Financial Services) with a 1Y correlation of -0.14, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hartford Financial Services Group, Inc. | -0.14 | 0.05 | 0.26 | 73 | Financial Services | |
| ACI Worldwide, Inc. | -0.12 | 0.18 | 0.31 | 67 | Technology | |
| Cboe Global Markets, Inc. | -0.10 | -0.13 | 0.06 | 62 | Financial Services | |
| AppLovin Corporation | 0.12 | 0.35 | 0.37 | 60 | Communication Services | |
| American Express Company | 0.13 | 0.29 | 0.42 | 57 | Financial Services |
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