Looking to diversify beyond CBOA? The ETFs below have historically moved differently from CBOA, 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 CBOA
817 ETFs have low correlation with CBOA (below 0.3), 37 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.92 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CBOA vs SBIT | |
| ProShares Short Bitcoin ETF | -0.92 | — | — | 61 | Cryptocurrency | CBOA vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.80 | — | — | 61 | Inverse Equities, Leveraged Equities | CBOA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.79 | — | — | 52 | Inverse Equities | CBOA vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.77 | — | — | 75 | Derivative Income | CBOA vs WNTR |
See all 2239 diversifiers for CBOA
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