Looking to diversify beyond CPLB? The ETFs below have the lowest correlation with CPLB — 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 CPLB.
Best Diversifiers for CPLB
6 ETFs have low correlation with CPLB (below 0.3), 6 of which are negatively correlated. The least correlated is iShares Future AI & Tech ETF (ARTY) (Technology Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Future AI & Tech ETF | -1.00 | -1.00 | -1.00 | 92 | Technology Equities | CPLB vs ARTY | |
| ProShares UltraShort Yen | -0.46 | -0.41 | — | 63 | Leveraged Currency | CPLB vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.20 | — | 71 | Oil & Gas | CPLB vs DBE | |
| United States Gasoline Fund LP | -0.40 | -0.18 | — | 71 | Oil & Gas | CPLB vs UGA | |
| Invesco DB Oil Fund | -0.39 | -0.19 | — | 65 | Oil & Gas | CPLB vs DBO |
See all 15 diversifiers for CPLB
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