Looking to balance out your exposure to CBRL? The ETFs below have the lowest correlation with CBRL — they tend to move on their own, which can help reduce risk when CBRL drops. The stock ideas table highlights individual companies that behave independently from CBRL.
Best Diversifiers for CBRL
4 ETFs have low correlation with CBRL (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.08 | 0.11 | 0.24 | 90 | Leveraged Equities, Semiconductors | CBRL vs USD | |
| Sprott Physical Silver Trust | 0.10 | 0.11 | 0.11 | 79 | Silver, Precious Metals | CBRL vs PSLV | |
| Vanguard S&P 500 ETF | 0.26 | 0.26 | 0.35 | 70 | S&P 500 | CBRL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.26 | 0.35 | 70 | S&P 500 | CBRL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBRL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBRL and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | -0.02 | 0.09 | 0.14 | 79 | Energy | |
| Halliburton Company | -0.00 | 0.09 | 0.15 | 94 | Energy | |
| EOG Resources, Inc. | 0.01 | 0.07 | 0.11 | 69 | Energy | |
| Altria Group, Inc. | 0.02 | 0.08 | 0.13 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | 0.06 | 0.09 | 0.12 | 59 | Communication Services |
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