Looking to balance out your exposure to YCBD? The ETFs below have the lowest correlation with YCBD — they tend to move on their own, which can help reduce risk when YCBD drops. The stock ideas table highlights individual companies that behave independently from YCBD.
Best Diversifiers for YCBD
1 ETFs have low correlation with YCBD (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Large-Cap ETF (SCHX) (Large Cap Blend Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Large-Cap ETF | 0.22 | 0.11 | 0.14 | 71 | Large Cap Blend Equities | YCBD vs SCHX |
Diversification Analysis
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