Looking to diversify beyond CPII? The ETFs below have historically moved differently from CPII, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CPII
2186 ETFs have low correlation with CPII (below 0.3), 2083 of which are negatively correlated. The least correlated is Global X Dow 30 Covered Call & Growth ETF (DYLG) (Derivative Income) with a 1Y correlation of -0.37, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Dow 30 Covered Call & Growth ETF | -0.37 | -0.14 | — | 79 | Derivative Income | CPII vs DYLG | |
| Invesco S&P Emerging Markets Low Volatility ETF | -0.35 | -0.18 | -0.10 | 60 | Low Volatility | CPII vs EELV | |
| State Street SPDR Dow Jones Industrial Average ETF... | -0.35 | -0.13 | — | 70 | Large Cap Blend Equities | CPII vs DIA | |
| ProShares Ultra Dow30 | -0.35 | -0.13 | -0.04 | 58 | Leveraged Equities | CPII vs DDM | |
| Gabelli Love Our Planet & People ETF | -0.35 | -0.19 | — | 53 | Mid Cap Blend Equities, ESG | CPII vs LOPP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CPII, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Frontline Ltd. (FRO) (Industrials) with a 1Y correlation of -0.08, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.08 | 0.05 | 0.12 | 96 | Industrials | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.07 | 0.02 | — | 86 | Financial Services | |
| Agree Realty Corporation | -0.06 | -0.16 | -0.08 | 68 | Real Estate | |
| Oxford Lane Capital Corp. | 0.07 | -0.02 | — | 97 | Financial Services |
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