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
21 ETFs have low correlation with CPB (below 0.3), 9 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.14, roughly unchanged from -0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.14 | -0.11 | — | 74 | Nasdaq-100, Derivative Income | CPB vs JEPQ | |
| Janus Henderson AAA CLO ETF | -0.08 | 0.02 | 0.02 | 98 | CLO | CPB vs JAAA | |
| Vanguard S&P 500 ETF | -0.08 | -0.00 | 0.06 | 70 | S&P 500 | CPB vs VOO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.08 | -0.05 | -0.02 | 71 | Commodities | CPB vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.06 | -0.05 | -0.02 | 74 | Commodities | CPB vs PDBC |
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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 Jabil Inc. (JBL) (Technology) with a 1Y correlation of -0.16, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Jabil Inc. | -0.16 | -0.13 | -0.05 | 92 | Technology | |
| Seagate Technology plc | -0.14 | -0.04 | -0.01 | 99 | Technology | |
| Kratos Defense & Security Solutions, Inc. | -0.14 | -0.11 | -0.05 | 60 | Industrials | |
| Dell Technologies Inc. | -0.13 | -0.14 | -0.05 | 96 | Technology | |
| Oracle Corporation | -0.07 | -0.06 | 0.01 | 58 | Technology |
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