Looking to diversify beyond CBOL? The ETFs below have the lowest correlation with CBOL — 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 CBOL.
Best Diversifiers for CBOL
0 ETFs have low correlation with CBOL (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM S&P 500 Max Buffer ETF - May (PMMY) (Defined Outcome) with a 1Y correlation of 0.41, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 0.41 | 0.41 | 0.41 | 98 | Defined Outcome, S&P 500 | CBOL vs PMMY | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 0.47 | — | — | 97 | Defined Outcome, Nasdaq-100 | CBOL vs PQAP |
Diversification Analysis
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