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
595 ETFs have low correlation with CBOJ (below 0.3), 29 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.12 | — | — | 55 | Inverse Equities | CBOJ vs NFXS | |
| Brookmont Catastrophic Bond ETF | -0.09 | — | — | 96 | Nontraditional Bonds | CBOJ vs ILS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | — | — | 99 | Ultrashort Bond | CBOJ vs CSHP | |
| Breakwave Tanker Shipping ETF | -0.08 | — | — | 98 | Commodities | CBOJ vs BWET | |
| ProShares UltraShort Yen | -0.07 | -0.01 | -0.01 | 63 | Leveraged Currency | CBOJ vs YCS |
See all 1948 diversifiers for CBOJ
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Diversification Analysis
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