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
514 ETFs have low correlation with CPNJ (below 0.3), 68 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 63 | Inverse Equities | CPNJ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 70 | Inverse Equities, Leveraged Equities | CPNJ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | — | — | 52 | Cryptocurrency | CPNJ vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 73 | Derivative Income | CPNJ vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.18 | — | — | 56 | Multistrategy | CPNJ vs RSBY |
See all 2069 diversifiers for CPNJ
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