Looking to balance out your exposure to CEPU? The ETFs below have the lowest correlation with CEPU — they tend to move on their own, which can help reduce risk when CEPU drops. The stock ideas table highlights individual companies that behave independently from CEPU.
Best Diversifiers for CEPU
2 ETFs have low correlation with CEPU (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.29, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.29 | 0.29 | 0.26 | 62 | Nasdaq-100 | CEPU vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.29 | 0.29 | 66 | S&P 500 | CEPU vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CEPU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CEPU and solid risk/return profiles. The least correlated is Scorpio Tankers Inc. (STNG) (Energy) with a 1Y correlation of 0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Scorpio Tankers Inc. | 0.03 | 0.09 | 0.14 | 90 | Energy | |
| Catalyst Pharmaceuticals, Inc. | 0.04 | 0.11 | 0.17 | 60 | Healthcare | |
| Teekay Tankers Ltd. | 0.05 | 0.08 | 0.13 | 82 | Energy | |
| UnitedHealth Group Incorporated | 0.05 | -0.06 | 0.05 | 67 | Healthcare | |
| Frontline Ltd. | 0.05 | 0.12 | 0.16 | 90 | Energy |
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