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
2016 ETFs have low correlation with CPII (below 0.3), 1915 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Dow 30 Covered Call & Growth ETF | -0.35 | — | — | 67 | Derivative Income | CPII vs DYLG | |
| Gabelli Love Our Planet & People ETF | -0.34 | -0.19 | — | 60 | Mid Cap Blend Equities, ESG | CPII vs LOPP | |
| VanEck Emerging Markets Bond ETF | -0.33 | -0.34 | — | 70 | Emerging Markets Bonds | CPII vs EMBX | |
| First Trust Dow 30 Equal Weight ETF | -0.33 | -0.12 | — | 59 | Large Cap Blend Equities, Equal Weight | CPII vs EDOW | |
| First Trust Nasdaq Transportation ETF | -0.33 | -0.14 | — | 64 | Industrials Equities | CPII vs FTXR |
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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 -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.08 | 0.06 | 0.13 | 94 | Energy | |
| Agree Realty Corporation | -0.05 | -0.16 | -0.08 | 70 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.05 | 0.03 | — | 88 | Financial Services | |
| Oxford Lane Capital Corp. | 0.09 | -0.02 | — | 96 | Financial Services |
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