Looking to balance out your exposure to CIBEY? The ETFs below have the lowest correlation with CIBEY — they tend to move on their own, which can help reduce risk when CIBEY drops. The stock ideas table highlights individual companies that behave independently from CIBEY.
No Diversifiers Found for CIBEY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CIBEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CIBEY and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.02 | 0.04 | 0.07 | 99 | Technology | |
| Elbit Systems Ltd | 0.04 | 0.06 | 0.08 | 88 | Industrials | |
| Brookdale Senior Living Inc. | 0.10 | 0.08 | 0.07 | 86 | Healthcare | |
| nLIGHT, Inc. | 0.10 | 0.08 | 0.07 | 97 | Technology | |
| Bancolombia S.A. | 0.11 | 0.05 | 0.06 | 85 | Financial Services |
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