Looking to balance out your exposure to CBT? The ETFs below have the lowest correlation with CBT — they tend to move on their own, which can help reduce risk when CBT drops. The stock ideas table highlights individual companies that behave independently from CBT.
Best Diversifiers for CBT
1 ETFs have low correlation with CBT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.15, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.15 | 0.30 | 0.45 | 75 | Momentum, S&P 500 | CBT vs SPMO | |
| Vanguard S&P 500 ETF | 0.30 | 0.45 | 0.57 | 70 | S&P 500 | CBT vs VOO | |
| ProShares Nanotechnology ETF | 0.34 | 0.41 | — | 90 | Technology Equities | CBT vs TINY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBT and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.09, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.09 | 0.18 | 0.36 | 60 | Energy | |
| Broadcom Inc. | -0.03 | 0.16 | 0.30 | 84 | Technology | |
| EOG Resources, Inc. | 0.11 | 0.25 | 0.34 | 69 | Energy | |
| Magnolia Oil & Gas Corporation | 0.15 | 0.32 | 0.40 | 67 | Energy | |
| Marathon Petroleum Corporation | 0.19 | 0.27 | 0.38 | 86 | Energy |
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