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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Themes Global Systemically Important Banks ETF | 0.14 | — | — | 68 | Financials Equities | CMBT vs GSIB | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 0.14 | 0.16 | 0.15 | 62 | Nasdaq-100, Hedge Fund | CMBT vs QQQH | |
| Invesco QQQ ETF | 0.15 | 0.16 | 0.16 | 73 | Nasdaq-100 | CMBT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.20 | 0.21 | 70 | S&P 500 | CMBT vs SPY | |
| Vanguard S&P 500 ETF | 0.16 | 0.20 | 0.21 | 70 | S&P 500 | CMBT vs VOO |
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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.18, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.18 | 0.25 | 0.29 | 83 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.19 | 0.20 | 0.21 | 72 | Industrials | |
| Matson, Inc. | 0.23 | 0.23 | 0.24 | 83 | Industrials | |
| Tidewater Inc. | 0.30 | 0.32 | 0.31 | 79 | Energy | |
| Costamare Inc. | 0.39 | 0.40 | 0.39 | 91 | Industrials |
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