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
2026 ETFs have low correlation with CBON (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.35 | -0.33 | 75 | Leveraged Currency | CBON vs YCS | |
| United States Gasoline Fund LP | -0.20 | -0.07 | 0.03 | 72 | Oil & Gas | CBON vs UGA | |
| Direxion Daily MU Bull 2X Shares | -0.16 | -0.16 | -0.16 | 99 | Leveraged Equities, Semiconductors | CBON vs MUU | |
| Invesco DWA Energy Momentum ETF | -0.12 | -0.01 | 0.09 | 52 | Momentum, Energy Equities | CBON vs PXI | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | 0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | CBON vs BIL |
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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 Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.05, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.05 | 0.01 | 0.03 | 60 | Industrials | |
| Sabine Royalty Trust | 0.06 | 0.04 | 0.11 | 64 | Energy | |
| Virtu Financial, Inc. | 0.10 | 0.03 | 0.08 | 81 | Financial Services |
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