Looking to balance out your exposure to CYBR? The ETFs below have historically moved differently from CYBR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CYBR
13 ETFs have low correlation with CYBR (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Nasdaq Semiconductor ETF (FTXL) (Semiconductors) with a 1Y correlation of 0.13, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | 0.13 | 0.33 | 0.41 | 91 | Semiconductors, Technology Equities | CYBR vs FTXL | |
| VanEck Semiconductor ETF | 0.15 | 0.36 | 0.45 | 87 | Semiconductors, Technology Equities | CYBR vs SMH | |
| First Trust Rising Dividend Achievers ETF | 0.16 | 0.34 | 0.41 | 85 | Dividend, Large Cap Blend Equities | CYBR vs RDVY | |
| Roundhill Generative AI & Technology ETF | 0.21 | 0.41 | — | 66 | Artificial Intelligence, Technology Equities | CYBR vs CHAT | |
| Global X Data Center & Digital Infrastructure ETF | 0.23 | 0.31 | 0.38 | 74 | REIT | CYBR vs DTCR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CYBR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.05 | 0.10 | 0.15 | 85 | Energy | |
| Banco Bilbao Vizcaya Argentaria, S.A. | -0.03 | 0.13 | 0.20 | 91 | Financial Services | |
| Lantheus Holdings, Inc. | -0.02 | 0.11 | 0.23 | 70 | Healthcare | |
| Xcel Energy Inc. | -0.02 | 0.00 | 0.04 | 61 | Utilities | |
| Ituran Location and Control Ltd. | 0.01 | 0.19 | 0.23 | 81 | Technology |
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