Looking to balance out your exposure to CMBT? The ETFs below have the lowest correlation with CMBT — they tend to move on their own, which can help reduce risk when CMBT drops. The stock ideas table highlights individual companies that behave independently from CMBT.
Best Diversifiers for CMBT
5 ETFs have low correlation with CMBT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.13, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.13 | 0.14 | 0.15 | 58 | Nasdaq-100 | CMBT vs QQQ | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 0.13 | 0.14 | 0.14 | 52 | Nasdaq-100, Hedge Fund | CMBT vs QQQH | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.18 | 0.20 | 66 | S&P 500 | CMBT vs SPY | |
| Vanguard S&P 500 ETF | 0.15 | 0.18 | 0.20 | 66 | S&P 500 | CMBT vs VOO | |
| Themes Global Systemically Important Banks ETF | 0.16 | — | — | 83 | Financials Equities | CMBT vs GSIB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMBT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMBT and solid risk/return profiles. The least correlated is Kirby Corporation (KEX) (Industrials) with a 1Y correlation of 0.08, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kirby Corporation | 0.08 | 0.19 | 0.25 | 63 | Industrials | |
| Rivian Automotive, Inc. | 0.08 | 0.10 | — | 63 | Consumer Cyclical | |
| EPR Properties | 0.17 | 0.13 | 0.17 | 51 | Real Estate | |
| Chevron Corporation | 0.18 | 0.25 | 0.29 | 70 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.21 | 0.20 | 0.20 | 79 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CMBT
Add CMBT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CMBT