Looking to balance out your exposure to CPB? The ETFs below have historically moved differently from CPB, 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 CPB
26 ETFs have low correlation with CPB (below 0.3), 16 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.23, roughly unchanged from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.23 | -0.14 | — | 66 | Nasdaq-100, Derivative Income | CPB vs JEPQ | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.08 | -0.02 | 70 | Commodities | CPB vs PDBC | |
| Vanguard S&P 500 ETF | -0.14 | -0.03 | 0.05 | 78 | S&P 500 | CPB vs VOO | |
| State Street SPDR S&P 500 ETF | -0.14 | -0.03 | 0.04 | 78 | S&P 500 | CPB vs SPY | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | -0.08 | -0.03 | 61 | Commodities | CPB vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CPB, 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 Hut 8 Corp. (HUT) (Financial Services) with a 1Y correlation of -0.30, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hut 8 Corp. | -0.30 | -0.15 | -0.10 | 97 | Financial Services | |
| Seagate Technology plc | -0.28 | -0.10 | -0.05 | 99 | Technology | |
| Jabil Inc. | -0.28 | -0.16 | -0.07 | 75 | Technology | |
| Keel Infrastructure Corporation | -0.25 | -0.13 | -0.08 | 89 | Financial Services | |
| Dell Technologies Inc. | -0.22 | -0.18 | -0.08 | 97 | Technology |
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