Looking to balance out your exposure to CYBR? The ETFs below have the lowest correlation with CYBR — they tend to move on their own, which can help reduce risk when CYBR drops. The stock ideas table highlights individual companies that behave independently from CYBR.
Best Diversifiers for CYBR
9 ETFs have low correlation with CYBR (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Metals & Mining ETF (XME) (Materials) with a 1Y correlation of 0.14, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Metals & Mining ETF | 0.14 | 0.29 | 0.30 | 78 | Materials | CYBR vs XME | |
| First Trust Nasdaq Semiconductor ETF | 0.15 | 0.35 | 0.42 | 97 | Semiconductors, Technology Equities | CYBR vs FTXL | |
| VanEck Semiconductor ETF | 0.18 | 0.38 | 0.46 | 96 | Semiconductors, Technology Equities | CYBR vs SMH | |
| First Trust Rising Dividend Achievers ETF | 0.20 | 0.36 | 0.40 | 63 | Large Cap Blend Equities, Dividend | CYBR vs RDVY | |
| Global X Data Center & Digital Infrastructure ETF | 0.23 | 0.31 | 0.39 | 92 | REIT | CYBR vs DTCR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CYBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CYBR and solid risk/return profiles. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of -0.03, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prologis, Inc. | -0.03 | 0.14 | 0.25 | 86 | Real Estate | |
| WEC Energy Group, Inc. | -0.03 | -0.02 | 0.01 | 57 | Utilities | |
| Banco Bilbao Vizcaya Argentaria, S.A. | -0.01 | 0.13 | 0.20 | 82 | Financial Services | |
| TORM plc | -0.01 | 0.06 | 0.07 | 88 | Energy | |
| Lantheus Holdings, Inc. | -0.00 | 0.12 | 0.23 | 58 | Healthcare |
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Build a portfolio that complements CYBR
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