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
4 ETFs have low correlation with CBOO (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) (Defined Outcome) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 0.15 | 0.15 | 0.15 | 98 | Defined Outcome | CBOO vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | 0.17 | — | — | 98 | Defined Outcome | CBOO vs MMAX | |
| Calamos Laddered S&P 500 Structured Alt Protection... | 0.18 | — | — | 95 | Defined Outcome, S&P 500 | CBOO vs CPSL | |
| Calamos S&P 500 Structured Alt Protection ETF - Au... | 0.27 | 0.27 | — | 95 | Defined Outcome | CBOO vs CPSA |
Diversification Analysis
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