Looking to balance out your exposure to CPKF? The ETFs below have the lowest correlation with CPKF — they tend to move on their own, which can help reduce risk when CPKF drops. The stock ideas table highlights individual companies that behave independently from CPKF.
Best Diversifiers for CPKF
2 ETFs have low correlation with CPKF (below 0.3), 1 of which are negatively correlated. The least correlated is Breakwave Tanker Shipping ETF (BWET) (Commodities) with a 1Y correlation of -0.08, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.08 | -0.01 | — | 99 | Commodities | CPKF vs BWET | |
| Direxion Daily MU Bull 2X Shares | 0.03 | — | — | 98 | Leveraged Equities, Semiconductors | CPKF vs MUU |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPKF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPKF and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sandisk Corporation | 0.03 | — | — | 100 | Technology |
Build a portfolio that complements CPKF
Add CPKF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CPKF