Looking to balance out your exposure to CPNG? The ETFs below have the lowest correlation with CPNG — they tend to move on their own, which can help reduce risk when CPNG drops. The stock ideas table highlights individual companies that behave independently from CPNG.
Best Diversifiers for CPNG
5 ETFs have low correlation with CPNG (below 0.3), 2 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.05 | -0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | CPNG vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.02 | 0.01 | 100 | Ultrashort Bond | CPNG vs SGOV | |
| Amplify Junior Silver Miners ETF | 0.10 | 0.19 | 0.19 | 54 | Silver, Commodity Producers Equities, Precious Metals | CPNG vs SILJ | |
| Schwab U.S. Dividend Equity ETF | 0.12 | 0.25 | 0.27 | 80 | Dividend | CPNG vs SCHD | |
| Global X Copper Miners ETF | 0.18 | 0.29 | 0.27 | 75 | Materials | CPNG vs COPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPNG and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.15 | 0.02 | 0.10 | 83 | Energy | |
| Verizon Communications Inc. | -0.10 | 0.01 | 0.05 | 59 | Communication Services | |
| Energy Transfer LP | -0.05 | 0.14 | 0.17 | 69 | Energy | |
| Johnson & Johnson | -0.01 | 0.03 | 0.06 | 92 | Healthcare | |
| Eli Lilly and Company | 0.02 | 0.11 | 0.11 | 72 | Healthcare |
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Build a portfolio that complements CPNG
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