Looking to diversify beyond CBOO? The ETFs below have the lowest correlation with CBOO — 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 CBOO.
Best Diversifiers for CBOO
0 ETFs have low correlation with CBOO (below 0.3), 0 of which are negatively correlated. The least correlated is Calamos S&P 500 Structured Alt Protection ETF - July (CPSJ) (Defined Outcome) with a 1Y correlation of 0.31, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 0.31 | 0.31 | 0.31 | 94 | Defined Outcome | CBOO vs CPSJ | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 0.32 | — | — | 74 | Defined Outcome | CBOO vs KFEB | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.33 | 0.33 | 0.33 | 94 | Defined Outcome | CBOO vs EAPR |
Diversification Analysis
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