Looking to diversify beyond CBXY? The ETFs below have the lowest correlation with CBXY — 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 CBXY.
Best Diversifiers for CBXY
2 ETFs have low correlation with CBXY (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 0.23, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Equity Defined Protection ETF - 1 Yr May | 0.23 | 0.23 | 0.23 | 95 | Defined Outcome | CBXY vs ZMAY | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.28 | 0.28 | 0.28 | 85 | Defined Outcome | CBXY vs EAPR | |
| Calamos S&P 500 Structured Alt Protection ETF - De... | 0.30 | — | — | 94 | Defined Outcome, S&P 500 | CBXY vs CPSD | |
| iShares Large Cap Max Buffer December ETF | 0.31 | — | — | 95 | Defined Outcome | CBXY vs DMAX |
Diversification Analysis
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