Looking to diversify beyond CBON? The ETFs below have the lowest correlation with CBON — 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 CBON.
Best Diversifiers for CBON
2051 ETFs have low correlation with CBON (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.35 | -0.33 | 61 | Leveraged Currency | CBON vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | 0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | CBON vs BIL | |
| VanEck Commodity Strategy ETF | -0.10 | 0.07 | 0.08 | 55 | Commodities | CBON vs PIT | |
| Fidelity Managed Futures ETF | -0.10 | -0.11 | -0.11 | 64 | Systematic Trend | CBON vs FFUT | |
| Brookstone Ultra-Short Bond ETF | -0.10 | -0.02 | -0.02 | 98 | Ultrashort Bond | CBON vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBON and solid risk/return profiles. The least correlated is Virtu Financial, Inc. (VIRT) (Financial Services) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Virtu Financial, Inc. | 0.08 | 0.04 | 0.08 | 77 | Financial Services |
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