Looking to balance out your exposure to CBU? The ETFs below have the lowest correlation with CBU — they tend to move on their own, which can help reduce risk when CBU drops. The stock ideas table highlights individual companies that behave independently from CBU.
Best Diversifiers for CBU
0 ETFs have low correlation with CBU (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Autonomous & Electric Vehicles ETF (DRIV) (Global Equities) with a 1Y correlation of 0.33, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Autonomous & Electric Vehicles ETF | 0.33 | 0.40 | 0.44 | 92 | Global Equities | CBU vs DRIV | |
| Vanguard S&P 500 ETF | 0.37 | 0.41 | 0.46 | 70 | S&P 500 | CBU vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.41 | 0.46 | 70 | S&P 500 | CBU vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBU and solid risk/return profiles. The least correlated is Eversource Energy (ES) (Utilities) with a 1Y correlation of 0.13, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eversource Energy | 0.13 | 0.22 | 0.24 | 51 | Utilities | |
| M&T Bank Corporation | 0.62 | 0.70 | 0.69 | 65 | Financial Services |
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