Looking to diversify beyond CBXL? The ETFs below have the lowest correlation with CBXL — 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 CBXL.
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 0.31, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 0.31 | 0.31 | 0.31 | 98 | Defined Outcome | CBXL vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | 0.41 | 0.41 | 0.41 | 98 | Defined Outcome | CBXL vs MMAX | |
| Fidelity Dynamic Buffered Equity ETF | 0.41 | 0.41 | 0.41 | 67 | Defined Outcome | CBXL vs FBUF | |
| PGIM S&P 500 Max Buffer ETF - April | 0.47 | 0.47 | 0.47 | 99 | Defined Outcome | CBXL vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 0.48 | — | — | 94 | Defined Outcome, S&P 500 | CBXL vs CPST |
See all 7 diversifiers for CBXL
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