Looking to diversify beyond CBOY? The ETFs below have the lowest correlation with CBOY — 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 CBOY.
Best Diversifiers for CBOY
1 ETFs have low correlation with CBOY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Large Cap Max Buffer Mar ETF (MMAX) (Defined Outcome) with a 1Y correlation of 0.28, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Mar ETF | 0.28 | 0.28 | 0.28 | 99 | Defined Outcome | CBOY vs MMAX | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 0.32 | 0.32 | 0.32 | 98 | Defined Outcome, Nasdaq-100 | CBOY vs PQAP | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 0.39 | — | — | 74 | Defined Outcome | CBOY vs KFEB |
Diversification Analysis
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