Looking to diversify beyond CBTY? The ETFs below have historically moved differently from CBTY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CBTY
3 ETFs have low correlation with CBTY (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) (Defined Outcome) with a 1Y correlation of 0.26, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Equity Defined Protection ETF - 1 Yr May | 0.26 | 0.25 | 0.25 | 97 | Defined Outcome | CBTY vs ZMAY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 0.26 | 0.26 | 0.26 | 98 | S&P 500, Defined Outcome | CBTY vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 0.29 | 0.27 | 0.27 | 98 | Defined Outcome | CBTY vs ZAPR | |
| FT Vest U.S. Equity Max Buffer ETF - April | 0.30 | 0.30 | 0.30 | 98 | Defined Outcome | CBTY vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 0.31 | — | — | 98 | Defined Outcome | CBTY vs MMAX |
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