Looking to diversify beyond CPNJ? The ETFs below have the lowest correlation with CPNJ — 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 CPNJ.
Best Diversifiers for CPNJ
383 ETFs have low correlation with CPNJ (below 0.3), 33 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.24, up from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.24 | -0.39 | -0.39 | 55 | Inverse Equities | CPNJ vs NFXS | |
| ProShares UltraShort Yen | -0.13 | — | — | 63 | Leveraged Currency | CPNJ vs YCS | |
| Brookstone Ultra-Short Bond ETF | -0.11 | — | — | 98 | Ultrashort Bond | CPNJ vs BAMU | |
| United States Gasoline Fund LP | -0.11 | — | — | 55 | Oil & Gas | CPNJ vs UGA | |
| SGI Enhanced Core ETF | -0.10 | — | — | 95 | Intermediate Core Bond | CPNJ vs USDX |
See all 1948 diversifiers for CPNJ
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CPNJ
Add CPNJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CPNJ