Looking to diversify beyond CBOJ? The ETFs below have historically moved differently from CBOJ, 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 CBOJ
772 ETFs have low correlation with CBOJ (below 0.3), 26 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.91 | — | — | 51 | Cryptocurrency | CBOJ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.74 | — | — | 69 | Derivative Income | CBOJ vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.12 | -0.16 | -0.16 | 58 | Inverse Equities | CBOJ vs NFXS | |
| Brookmont Catastrophic Bond ETF | -0.11 | — | — | 97 | Nontraditional Bonds | CBOJ vs ILS | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.06 | -0.06 | 100 | Government Bonds, Ultrashort Bond | CBOJ vs USFR |
See all 2296 diversifiers for CBOJ
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