Looking to balance out your exposure to CPA? The ETFs below have the lowest correlation with CPA — they tend to move on their own, which can help reduce risk when CPA drops. The stock ideas table highlights individual companies that behave independently from CPA.
Best Diversifiers for CPA
4 ETFs have low correlation with CPA (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.09, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | -0.09 | 0.03 | 0.03 | 93 | Inflation-Protected Bonds | CPA vs STIP | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.12 | 0.27 | 0.32 | 84 | Commodity Producers Equities | CPA vs GUNR | |
| Sprott Physical Silver Trust | 0.17 | 0.22 | 0.18 | 79 | Silver, Precious Metals | CPA vs PSLV | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.34 | 0.40 | 80 | Dividend | CPA vs SCHD | |
| SPDR Blackstone High Income ETF | 0.38 | 0.34 | — | 68 | High Yield Bonds | CPA vs HYBL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPA and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.28, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.28 | -0.01 | 0.12 | 95 | Energy | |
| Shell plc | -0.16 | 0.04 | 0.14 | 80 | Energy | |
| Viper Energy Partners LP | -0.16 | 0.00 | 0.13 | 60 | Energy | |
| Enterprise Products Partners L.P. | -0.11 | 0.12 | 0.18 | 85 | Energy | |
| Altria Group, Inc. | -0.05 | 0.04 | 0.13 | 69 | Consumer Defensive |
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