Looking to balance out your exposure to CMP? The ETFs below have historically moved differently from CMP, 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 CMP
0 ETFs have low correlation with CMP (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Autocallable Income ETF | 0.36 | — | — | 77 | Derivative Income | CMP vs CAIE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMP, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.01 | 0.10 | 0.14 | 96 | Healthcare | |
| Baker Hughes Company | 0.27 | 0.25 | 0.34 | 78 | Energy |
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