Looking to diversify beyond CHPY? The ETFs below have the lowest correlation with CHPY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CHPY.
Best Diversifiers for CHPY
498 ETFs have low correlation with CHPY (below 0.3), 84 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 53 | Inverse Equities | CHPY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 60 | Inverse Equities, Leveraged Equities | CHPY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | CHPY vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.20 | — | — | 51 | Multistrategy | CHPY vs RSBY | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | — | — | 100 | Government Bonds, Ultrashort Bond | CHPY vs USFR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHPY and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.37, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.37 | -0.31 | -0.31 | 51 | Industrials | |
| Chubb Limited | -0.35 | -0.26 | -0.26 | 83 | Financial Services | |
| Altria Group, Inc. | -0.31 | — | — | 79 | Consumer Defensive | |
| Duke Energy Corporation | -0.31 | -0.27 | -0.27 | 63 | Utilities | |
| The Allstate Corporation | -0.30 | — | — | 82 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CHPY
Add CHPY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CHPY