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
519 ETFs have low correlation with CBLS (below 0.3), 49 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.15 | — | — | 99 | Ultrashort Bond | CBLS vs WEEK | |
| Defiance Oil Enhanced Options Income ETF | -0.15 | — | — | 56 | Derivative Income | CBLS vs USOY | |
| ProShares UltraShort Yen | -0.15 | -0.05 | -0.04 | 63 | Leveraged Currency | CBLS vs YCS | |
| United States Oil Fund LP | -0.14 | 0.08 | 0.19 | 66 | Oil & Gas | CBLS vs USO | |
| United States Gasoline Fund LP | -0.13 | 0.05 | 0.15 | 71 | Oil & Gas | CBLS vs UGA |
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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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.06 | -0.12 | 0.08 | 63 | Financial Services | |
| AppLovin Corporation | 0.16 | 0.35 | 0.37 | 62 | Technology | |
| Blue Bird Corporation | 0.28 | 0.38 | 0.40 | 86 | Consumer Cyclical | |
| Impinj, Inc. | 0.32 | 0.37 | 0.43 | 51 | Technology | |
| Granite Construction Incorporated | 0.41 | 0.48 | 0.52 | 88 | Industrials |
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