Looking to diversify beyond CPII? The ETFs below have the lowest correlation with CPII — 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 CPII.
Best Diversifiers for CPII
2077 ETFs have low correlation with CPII (below 0.3), 1966 of which are negatively correlated. The least correlated is VanEck Emerging Markets Bond ETF (EMBX) (Emerging Markets Bonds) with a 1Y correlation of -0.37, roughly unchanged from -0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Emerging Markets Bond ETF | -0.37 | -0.34 | — | 77 | Emerging Markets Bonds | CPII vs EMBX | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.34 | -0.45 | — | 61 | Emerging Markets Bonds | CPII vs EMB | |
| Vanguard Emerging Markets Government Bond ETF | -0.33 | -0.45 | — | 60 | Emerging Markets Bonds | CPII vs VWOB | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.33 | -0.47 | — | 67 | Emerging Markets Bonds | CPII vs BEMB | |
| Invesco Emerging Markets Sovereign Debt ETF | -0.32 | -0.46 | — | 59 | Emerging Markets Bonds | CPII vs PCY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPII and solid risk/return profiles. The least correlated is Frontline Ltd. (FRO) (Energy) with a 1Y correlation of -0.07, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.07 | 0.08 | 0.13 | 89 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.03 | 0.02 | — | 88 | Financial Services | |
| Oxford Lane Capital Corp. | 0.07 | -0.03 | — | 95 | Financial Services |
Build a portfolio that complements CPII
Add CPII to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CPII