Looking to diversify beyond CPLB? The ETFs below have historically moved differently from CPLB, 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 CPLB
562 ETFs have low correlation with CPLB (below 0.3), 109 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.42 | -0.47 | 56 | Leveraged Currency | CPLB vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.21 | -0.14 | 72 | Oil & Gas | CPLB vs DBE | |
| United States Brent Oil Fund LP | -0.40 | -0.21 | -0.15 | 52 | Oil & Gas | CPLB vs BNO | |
| Invesco DB Oil Fund | -0.39 | -0.21 | -0.14 | 58 | Oil & Gas | CPLB vs DBO | |
| United States Oil Fund LP | -0.39 | -0.21 | -0.14 | 55 | Oil & Gas | CPLB vs USO |
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