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 Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) (Defined Outcome) with a 1Y correlation of 0.36, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Equity Defined Protection ETF - 1 Yr May | 0.36 | 0.36 | 0.36 | 95 | Defined Outcome | CBOL vs ZMAY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 0.37 | 0.37 | 0.37 | 98 | S&P 500, Defined Outcome | CBOL vs CPSP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 0.40 | 0.40 | 0.40 | 97 | Defined Outcome | CBOL vs APXM | |
| Innovator Premium Income 15 Buffer ETF - July | 0.42 | — | — | 97 | Defined Outcome | CBOL vs LJUL | |
| Calamos Autocallable Income ETF | 0.44 | — | — | 71 | Derivative Income | CBOL vs CAIE |
See all 8 diversifiers for CBOL
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