Looking to diversify beyond CBOJ? The ETFs below have the lowest correlation with CBOJ — 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 CBOJ.
Best Diversifiers for CBOJ
688 ETFs have low correlation with CBOJ (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.91, roughly unchanged from -0.90 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.91 | -0.90 | -0.90 | 57 | Cryptocurrency | CBOJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.91 | -0.90 | -0.90 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CBOJ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.76 | -0.73 | -0.73 | 68 | Inverse Equities, Leveraged Equities | CBOJ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.76 | — | — | 60 | Inverse Equities | CBOJ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.73 | -0.73 | -0.73 | 70 | Derivative Income | CBOJ vs WNTR |
See all 2047 diversifiers for CBOJ
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