Looking to diversify beyond CBXO? The ETFs below have the lowest correlation with CBXO — 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 CBXO.
Best Diversifiers for CBXO
1 ETFs have low correlation with CBXO (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Emerging Markets Power Buffer ETF - April (EAPR) (Defined Outcome) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.30 | 0.30 | 0.30 | 78 | Defined Outcome | CBXO vs EAPR | |
| Innovator U.S. Equity Power Buffer ETF - April | 0.39 | 0.39 | 0.39 | 98 | Defined Outcome | CBXO vs PAPR | |
| Calamos Nasdaq-100 Structured Alt Protection ETF -... | 0.43 | 0.43 | 0.43 | 95 | Defined Outcome | CBXO vs CPNS | |
| Innovator U.S. Small Cap Power Buffer ETF - March | 0.43 | 0.43 | 0.43 | 91 | Defined Outcome | CBXO vs KMAR |
Diversification Analysis
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