Looking to balance out your exposure to CPK? The ETFs below have the lowest correlation with CPK — they tend to move on their own, which can help reduce risk when CPK drops. The stock ideas table highlights individual companies that behave independently from CPK.
Best Diversifiers for CPK
8 ETFs have low correlation with CPK (below 0.3), 5 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.20, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.20 | -0.04 | 0.03 | 94 | Semiconductors, Technology Equities | CPK vs SMH | |
| State Street Technology Select Sector SPDR ETF | -0.17 | 0.01 | 0.09 | 66 | Technology Equities | CPK vs XLK | |
| Invesco QQQ ETF | -0.11 | 0.05 | 0.12 | 59 | Nasdaq-100 | CPK vs QQQ | |
| ROBO Global Robotics & Automation Index ETF | -0.10 | 0.17 | 0.19 | 55 | Robotics, Technology Equities | CPK vs ROBO | |
| Vanguard S&P 500 ETF | -0.01 | 0.20 | 0.25 | 60 | S&P 500 | CPK vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPK and solid risk/return profiles. The least correlated is Warner Bros. Discovery, Inc. (WBD) (Communication Services) with a 1Y correlation of -0.12, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Warner Bros. Discovery, Inc. | -0.12 | 0.15 | 0.18 | 97 | Communication Services | |
| Intel Corporation | -0.10 | 0.08 | 0.13 | 99 | Technology | |
| First Solar, Inc. | -0.08 | 0.09 | 0.12 | 74 | Technology | |
| Dell Technologies Inc. | -0.07 | -0.01 | 0.06 | 97 | Technology | |
| ConocoPhillips Company | 0.00 | 0.08 | 0.13 | 65 | Energy |
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