Looking to diversify beyond CBOL? The ETFs below have historically moved differently from CBOL, 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 CBOL
0 ETFs have low correlation with CBOL (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Emerging Markets Power Buffer ETF - April (EAPR) (Defined Outcome) with a 1Y correlation of 0.35, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.35 | 0.35 | 0.35 | 77 | Defined Outcome | CBOL vs EAPR | |
| Innovator Defined Wealth Shield ETF | 0.36 | 0.36 | 0.36 | 96 | Defined Outcome | CBOL vs BALT | |
| FT Vest U.S. Equity Max Buffer ETF - April | 0.40 | 0.40 | 0.40 | 98 | Defined Outcome | CBOL vs APXM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 0.42 | 0.42 | 0.42 | 97 | Defined Outcome, S&P 500 | CBOL vs CPSM | |
| Calamos Antetokounmpo Global Sustainable Equities ... | 0.44 | 0.44 | 0.44 | 54 | Global Equities | CBOL vs SROI |
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