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
14 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 0.14, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | 0.14 | 0.34 | 0.42 | 94 | Semiconductors, Technology Equities | CYBR vs FTXL | |
| VanEck Semiconductor ETF | 0.15 | 0.36 | 0.45 | 92 | Semiconductors, Technology Equities | CYBR vs SMH | |
| First Trust Rising Dividend Achievers ETF | 0.17 | 0.35 | 0.41 | 75 | Dividend, Large Cap Blend Equities | CYBR vs RDVY | |
| Roundhill Generative AI & Technology ETF | 0.21 | 0.42 | 0.41 | 85 | Technology Equities | CYBR vs CHAT | |
| Global X Data Center & Digital Infrastructure ETF | 0.22 | 0.30 | 0.39 | 84 | 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.08, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.08 | 0.09 | 0.16 | 88 | Energy | |
| WEC Energy Group, Inc. | -0.05 | -0.02 | 0.01 | 68 | Utilities | |
| Waste Management, Inc. | -0.04 | 0.08 | 0.13 | 53 | Industrials | |
| Lantheus Holdings, Inc. | -0.03 | 0.11 | 0.23 | 63 | Healthcare | |
| Banco Bilbao Vizcaya Argentaria, S.A. | -0.02 | 0.13 | 0.20 | 91 | Financial Services |
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Build a portfolio that complements CYBR
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