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
459 ETFs have low correlation with CPNJ (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.19 | — | — | 71 | Oil & Gas | CPNJ vs DBE | |
| United States Oil Fund LP | -0.18 | — | — | 66 | Oil & Gas | CPNJ vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.16 | — | — | 56 | Derivative Income | CPNJ vs USOY | |
| United States Brent Oil Fund LP | -0.16 | — | — | 65 | Oil & Gas | CPNJ vs BNO | |
| Invesco DB Oil Fund | -0.14 | — | — | 65 | Oil & Gas | CPNJ vs DBO |
See all 2112 diversifiers for CPNJ
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