Looking to diversify beyond CBSE? The ETFs below have the lowest correlation with CBSE — 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 CBSE.
Best Diversifiers for CBSE
409 ETFs have low correlation with CBSE (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | 0.03 | 0.16 | 71 | Oil & Gas | CBSE vs DBE | |
| United States Oil Fund LP | -0.20 | 0.05 | 0.16 | 66 | Oil & Gas | CBSE vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | CBSE vs USOY | |
| United States Brent Oil Fund LP | -0.17 | 0.05 | 0.16 | 65 | Oil & Gas | CBSE vs BNO | |
| United States Gasoline Fund LP | -0.17 | 0.03 | 0.13 | 69 | Oil & Gas | CBSE vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBSE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBSE and solid risk/return profiles. The least correlated is Global Business Travel Group Inc (GBTG) (Technology) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Global Business Travel Group Inc | 0.27 | 0.36 | 0.27 | 69 | Technology |
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