Looking to diversify beyond CBXJ? The ETFs below have the lowest correlation with CBXJ — 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 CBXJ.
Best Diversifiers for CBXJ
714 ETFs have low correlation with CBXJ (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.96, roughly unchanged from -0.96 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.96 | -0.96 | -0.96 | 57 | Cryptocurrency | CBXJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.96 | -0.96 | -0.96 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CBXJ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.80 | — | — | 68 | Inverse Equities, Leveraged Equities | CBXJ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.80 | — | — | 60 | Inverse Equities | CBXJ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.76 | — | — | 70 | Derivative Income | CBXJ vs WNTR |
See all 2046 diversifiers for CBXJ
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