Looking to balance out your exposure to CIB? The ETFs below have the lowest correlation with CIB — they tend to move on their own, which can help reduce risk when CIB drops. The stock ideas table highlights individual companies that behave independently from CIB.
Best Diversifiers for CIB
9 ETFs have low correlation with CIB (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.03, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | -0.03 | 0.10 | 0.13 | 93 | Inflation-Protected Bonds | CIB vs STIP | |
| iShares Global Energy ETF | 0.05 | 0.23 | 0.32 | 81 | Energy Equities | CIB vs IXC | |
| Invesco S&P 500 Equal Weight ETF | 0.23 | 0.31 | 0.35 | 55 | S&P 500 | CIB vs RSP | |
| abrdn Physical Silver Shares ETF | 0.24 | 0.24 | 0.26 | 51 | Silver, Precious Metals | CIB vs SIVR | |
| NEOS Nasdaq-100 High Income ETF | 0.28 | — | — | 70 | Nasdaq-100, Derivative Income | CIB vs QQQI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CIB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CIB and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.12 | 0.01 | 0.07 | 57 | Utilities | |
| Aflac Incorporated | -0.07 | 0.09 | 0.22 | 66 | Financial Services | |
| The Travelers Companies, Inc. | -0.04 | 0.05 | 0.15 | 58 | Financial Services | |
| Altria Group, Inc. | -0.03 | 0.04 | 0.11 | 73 | Consumer Defensive | |
| Atmos Energy Corporation | -0.03 | 0.06 | 0.12 | 64 | Utilities |
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