Looking to balance out your exposure to CBOE? The ETFs below have historically moved differently from CBOE, 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 CBOE
23 ETFs have low correlation with CBOE (below 0.3), 16 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | -0.27 | — | — | 89 | Derivative Income, Semiconductors | CBOE vs CHPY | |
| State Street Technology Select Sector SPDR ETF | -0.24 | -0.22 | 0.03 | 55 | Technology Equities | CBOE vs XLK | |
| Fidelity MSCI Information Technology Index ETF | -0.23 | -0.22 | 0.03 | 52 | Technology Equities | CBOE vs FTEC | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.21 | -0.20 | — | 55 | Nasdaq-100, Derivative Income | CBOE vs JEPQ | |
| Vanguard FTSE Developed Markets ETF | -0.20 | -0.11 | 0.08 | 75 | Foreign Large Cap Equities | CBOE vs VEA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CBOE, 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 GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of -0.29, roughly unchanged from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.29 | -0.19 | -0.19 | 76 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.28 | -0.26 | -0.09 | 87 | Technology | |
| Caterpillar Inc. | -0.28 | -0.16 | -0.01 | 92 | Industrials | |
| Micron Technology, Inc. | -0.26 | -0.25 | -0.07 | 99 | Technology | |
| Eaton Corporation plc | -0.26 | -0.21 | 0.00 | 53 | Industrials |
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