Looking to diversify beyond CPAI? The ETFs below have the lowest correlation with CPAI — 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 CPAI.
Best Diversifiers for CPAI
406 ETFs have low correlation with CPAI (below 0.3), 39 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | -0.44 | -0.44 | 56 | Inverse Equities | CPAI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.44 | -0.44 | 65 | Inverse Equities, Leveraged Equities | CPAI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | — | — | 53 | Cryptocurrency | CPAI vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | CPAI vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.18 | -0.16 | -0.16 | 54 | Multistrategy | CPAI vs RSBY |
See all 2065 diversifiers for CPAI
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