Looking to diversify beyond CNBS? The ETFs below have the lowest correlation with CNBS — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CNBS.
Best Diversifiers for CNBS
1973 ETFs have low correlation with CNBS (below 0.3), 50 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.27, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.21 | -0.21 | 60 | Inverse Equities, Leveraged Equities | CNBS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | -0.21 | -0.21 | 53 | Inverse Equities | CNBS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | -0.26 | -0.26 | 65 | Derivative Income | CNBS vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.15 | -0.14 | -0.14 | 60 | Inverse Equities | CNBS vs NFXS | |
| Return Stacked Bonds & Futures Yield ETF | -0.14 | -0.08 | -0.08 | 51 | Multistrategy | CNBS vs RSBY |
See all 2059 diversifiers for CNBS
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Diversification Analysis
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