Looking to diversify beyond CHPY? The ETFs below have historically moved differently from CHPY, 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 CHPY
622 ETFs have low correlation with CHPY (below 0.3), 127 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CHPY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | CHPY vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | CHPY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | CHPY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 75 | Derivative Income | CHPY vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHPY, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.38, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.38 | -0.29 | -0.29 | 89 | Financial Services | |
| The Allstate Corporation | -0.34 | — | — | 82 | Financial Services | |
| Altria Group, Inc. | -0.34 | — | — | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.31 | -0.28 | -0.28 | 56 | Utilities | |
| PepsiCo, Inc. | -0.29 | -0.17 | -0.17 | 50 | Consumer Defensive |
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