Looking to diversify beyond CBXO? The ETFs below have historically moved differently from CBXO, 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 CBXO
2 ETFs have low correlation with CBXO (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) (Defined Outcome) with a 1Y correlation of 0.26, roughly unchanged from 0.26 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 May | 0.26 | 0.26 | 0.26 | 97 | Defined Outcome | CBXO vs ZMAY | |
| PGIM S&P 500 Max Buffer ETF - May | 0.29 | — | — | 98 | Defined Outcome, S&P 500 | CBXO vs PMMY | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 0.31 | 0.31 | 0.31 | 98 | Defined Outcome | CBXO vs XBAP | |
| Innovator U.S. Equity Power Buffer ETF - April | 0.36 | 0.36 | 0.36 | 98 | Defined Outcome | CBXO vs PAPR | |
| Innovator U.S. Equity Buffer ETF - April | 0.37 | 0.37 | 0.37 | 97 | Defined Outcome | CBXO vs BAPR |
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