Looking to diversify beyond CBXL? The ETFs below have historically moved differently from CBXL, 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 CBXL
0 ETFs have low correlation with CBXL (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) (Defined Outcome) with a 1Y correlation of 0.32, roughly unchanged from 0.32 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 Apr... | 0.32 | 0.32 | 0.32 | 98 | Defined Outcome | CBXL vs ZAPR | |
| PGIM S&P 500 Max Buffer ETF - May | 0.39 | 0.39 | 0.39 | 98 | Defined Outcome, S&P 500 | CBXL vs PMMY | |
| Calamos Autocallable Income ETF | 0.42 | 0.42 | 0.42 | 73 | Derivative Income | CBXL vs CAIE | |
| Calamos Antetokounmpo Global Sustainable Equities ... | 0.42 | 0.42 | — | 55 | Global Equities | CBXL vs SROI | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 0.44 | 0.44 | 0.44 | 95 | Defined Outcome | CBXL vs CPSJ |
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