Looking to diversify beyond CBLS? The ETFs below have historically moved differently from CBLS, 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 CBLS
583 ETFs have low correlation with CBLS (below 0.3), 46 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 58 | Derivative Income | CBLS vs WNTR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 96 | Inflation-Protected Bonds | CBLS vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | CBLS vs IBIC | |
| Texas Capital Government Money Market ETF | -0.14 | — | — | 100 | Money Market | CBLS vs MMKT | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.07 | -0.04 | 100 | Government Bonds, Ultrashort Bond | CBLS vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CBLS, 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 The Hartford Financial Services Group, Inc. (HIG) (Financial Services) with a 1Y correlation of -0.21, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hartford Financial Services Group, Inc. | -0.21 | 0.04 | 0.24 | 66 | Financial Services | |
| ACI Worldwide, Inc. | -0.17 | 0.15 | 0.29 | 72 | Technology | |
| Cboe Global Markets, Inc. | -0.13 | -0.14 | 0.05 | 56 | Financial Services | |
| American Express Company | 0.12 | 0.28 | 0.41 | 62 | Financial Services | |
| Blue Bird Corporation | 0.39 | 0.39 | 0.40 | 86 | Consumer Cyclical |
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