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 Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) (High Yield Bonds) with a 1Y correlation of 0.81, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2027 High Yield Corporate Bon... | 0.81 | 0.81 | 0.81 | 90 | High Yield Bonds | CPHY vs BSJR | |
| Schwab High Yield Bond ETF | 0.91 | 0.91 | 0.91 | 65 | High Yield Bonds | CPHY vs SCYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.94 | 0.94 | 0.94 | 66 | High Yield Bonds | CPHY vs USHY |
Diversification Analysis
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