Looking to diversify beyond CPER? The ETFs below have the lowest correlation with CPER — 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 CPER.
Best Diversifiers for CPER
546 ETFs have low correlation with CPER (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.20 | -0.16 | 63 | Leveraged Currency | CPER vs YCS | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | CPER vs ACLO | |
| United States Brent Oil Fund LP | -0.11 | 0.13 | 0.24 | 65 | Oil & Gas | CPER vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.11 | 0.09 | 0.09 | 56 | Derivative Income | CPER vs USOY | |
| Invesco DB Energy Fund | -0.11 | 0.12 | 0.23 | 71 | Oil & Gas | CPER vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPER, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPER and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.01 | 0.08 | 67 | Consumer Defensive | |
| Duke Energy Corporation | -0.06 | 0.01 | 0.04 | 52 | Utilities | |
| LTC Properties, Inc. | -0.04 | 0.06 | 0.09 | 54 | Real Estate | |
| Coca-Cola Consolidated, Inc. | -0.03 | 0.03 | 0.06 | 79 | Consumer Defensive | |
| CVS Health Corporation | -0.03 | 0.03 | 0.08 | 78 | Healthcare |
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