Looking to balance out your exposure to CUBE? The ETFs below have the lowest correlation with CUBE — they tend to move on their own, which can help reduce risk when CUBE drops. The stock ideas table highlights individual companies that behave independently from CUBE.
Best Diversifiers for CUBE
2 ETFs have low correlation with CUBE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.21, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.21 | 0.30 | 0.40 | 70 | S&P 500 | CUBE vs VOO | |
| Vanguard Total Stock Market ETF | 0.24 | 0.33 | 0.42 | 68 | Large Cap Blend Equities | CUBE vs VTI | |
| SPDR Bloomberg Barclays Short Term High Yield Bond... | 0.34 | 0.39 | 0.42 | 69 | High Yield Bonds | CUBE vs SJNK | |
| Schwab U.S. Dividend Equity ETF | 0.54 | 0.56 | 0.53 | 80 | Dividend | CUBE vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CUBE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CUBE and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.05 | 0.13 | 0.18 | 69 | Energy | |
| Altria Group, Inc. | 0.11 | 0.25 | 0.25 | 69 | Consumer Defensive | |
| Equinix, Inc. | 0.27 | 0.40 | 0.47 | 64 | Real Estate | |
| Innovative Industrial Properties, Inc. | 0.36 | 0.45 | 0.44 | 56 | Real Estate | |
| ARMOUR Residential REIT, Inc. | 0.38 | 0.42 | 0.39 | 67 | Real Estate |
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