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
432 ETFs have low correlation with CBLS (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.14, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.14 | -0.05 | -0.04 | 63 | Leveraged Currency | CBLS vs YCS | |
| Roundhill Weekly T-Bill ETF | -0.13 | — | — | 99 | Ultrashort Bond | CBLS vs WEEK | |
| Xtrackers US 0-1 Year Treasury ETF | -0.12 | -0.13 | -0.13 | 99 | Government Bonds, Ultrashort Bond | CBLS vs TRSY | |
| United States Gasoline Fund LP | -0.12 | 0.05 | 0.15 | 55 | Oil & Gas | CBLS vs UGA | |
| First Trust Merger Arbitrage ETF | -0.11 | 0.08 | 0.10 | 59 | Long-Short | CBLS vs MARB |
To view more results, upgrade your current subscription plan.
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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.09 | -0.12 | 0.08 | 55 | Financial Services | |
| AppLovin Corporation | 0.14 | 0.35 | 0.37 | 60 | Communication Services | |
| American Express Company | 0.16 | 0.30 | 0.43 | 56 | Financial Services | |
| Blue Bird Corporation | 0.33 | 0.39 | 0.40 | 83 | Consumer Cyclical | |
| Impinj, Inc. | 0.34 | 0.38 | 0.43 | 51 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CBLS
Add CBLS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CBLS