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
11 ETFs have low correlation with CPNG (below 0.3), 3 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.17 | 0.04 | 0.11 | 59 | Energy Equities | CPNG vs XLE | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.04 | -0.00 | 100 | Government Bonds, Ultrashort Bond | CPNG vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | 0.01 | 0.00 | 100 | Ultrashort Bond | CPNG vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.09 | 0.22 | 0.27 | 91 | Dividend | CPNG vs SCHD | |
| State Street Health Care Select Sector SPDR ETF | 0.11 | 0.18 | 0.23 | 50 | Health & Biotech Equities | CPNG vs XLV |
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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 -0.19, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | -0.01 | 0.08 | 74 | Energy | |
| Verizon Communications Inc. | -0.15 | -0.03 | 0.04 | 61 | Communication Services | |
| Energy Transfer LP | -0.12 | 0.12 | 0.17 | 83 | Energy | |
| NextEra Energy, Inc. | -0.05 | 0.09 | 0.13 | 73 | Utilities | |
| Realty Income Corporation | -0.05 | 0.06 | 0.13 | 78 | Real Estate |
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Build a portfolio that complements CPNG
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