Looking to balance out your exposure to CBZ? The ETFs below have the lowest correlation with CBZ — they tend to move on their own, which can help reduce risk when CBZ drops. The stock ideas table highlights individual companies that behave independently from CBZ.
Best Diversifiers for CBZ
1 ETFs have low correlation with CBZ (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.09, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.09 | 0.32 | 0.44 | 74 | S&P 500 | CBZ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBZ and solid risk/return profiles. The least correlated is Nova Ltd (NVMI) (Technology) with a 1Y correlation of -0.13, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nova Ltd | -0.13 | 0.07 | 0.18 | 90 | Technology | |
| Howmet Aerospace Inc. | -0.13 | 0.15 | 0.31 | 79 | Industrials | |
| Comfort Systems USA, Inc. | -0.12 | 0.18 | 0.34 | 98 | Industrials | |
| Jabil Inc. | -0.11 | 0.14 | 0.28 | 92 | Technology | |
| Quanta Services, Inc. | -0.11 | 0.18 | 0.30 | 94 | Industrials |
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