Looking to diversify beyond CMBO? The ETFs below have historically moved differently from CMBO, 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 CMBO
8 ETFs have low correlation with CMBO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Floating Rate Bond ETF (FLOT) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | 0.12 | 0.12 | 0.12 | 99 | Ultrashort Bond, Corporate Bonds | CMBO vs FLOT | |
| American Century Multisector Floating Income ETF | 0.13 | 0.13 | — | 98 | Ultrashort Bond | CMBO vs FUSI | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.13 | 0.13 | 0.13 | 99 | Government Bonds, Ultrashort Bond | CMBO vs XONE | |
| Thrivent Ultra Short Bond ETF | 0.13 | 0.13 | 0.13 | 98 | Ultrashort Bond | CMBO vs TUSB | |
| Angel Oak Ultrashort Income ETF | 0.18 | 0.18 | 0.18 | 99 | Ultrashort Bond | CMBO vs UYLD |
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