Looking to diversify beyond CPHY? The ETFs below have the lowest correlation with CPHY — 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 CPHY.
Best Diversifiers for CPHY
0 ETFs have low correlation with CPHY (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) (High Yield Bonds) with a 1Y correlation of 0.42, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 0.42 | 0.42 | 0.42 | 86 | High Yield Bonds | CPHY vs HYZD | |
| Fidelity Sustainable High Yield ETF | 0.89 | 0.89 | — | 80 | High Yield Bonds | CPHY vs FSYD |
Diversification Analysis
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