Looking to balance out your exposure to CPB? The ETFs below have the lowest correlation with CPB — they tend to move on their own, which can help reduce risk when CPB drops. The stock ideas table highlights individual companies that behave independently from CPB.
Best Diversifiers for CPB
17 ETFs have low correlation with CPB (below 0.3), 8 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.18, roughly unchanged from -0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.18 | -0.12 | — | 63 | Nasdaq-100, Derivative Income | CPB vs JEPQ | |
| Vanguard S&P 500 ETF | -0.10 | -0.01 | 0.05 | 59 | S&P 500 | CPB vs VOO | |
| Janus Henderson AAA CLO ETF | -0.09 | 0.03 | 0.02 | 98 | CLO | CPB vs JAAA | |
| Invesco Variable Rate Investment Grade ETF | -0.07 | -0.01 | 0.01 | 99 | Ultrashort Bond | CPB vs VRIG | |
| Vanguard Total World Stock ETF | -0.05 | 0.00 | 0.05 | 59 | Global Equities | CPB vs VT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPB and solid risk/return profiles. The least correlated is Hut 8 Corp. (HUT) (Financial Services) with a 1Y correlation of -0.23, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hut 8 Corp. | -0.23 | -0.14 | -0.11 | 97 | Financial Services | |
| Seagate Technology plc | -0.18 | -0.06 | -0.03 | 99 | Technology | |
| Jabil Inc. | -0.18 | -0.13 | -0.06 | 86 | Technology | |
| Dell Technologies Inc. | -0.17 | -0.15 | -0.06 | 96 | Technology | |
| Keel Infrastructure Corporation | -0.17 | -0.10 | -0.08 | 97 | Financial Services |
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Build a portfolio that complements CPB
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