Looking to diversify beyond CPNM? The ETFs below have the lowest correlation with CPNM — 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 CPNM.
Best Diversifiers for CPNM
475 ETFs have low correlation with CPNM (below 0.3), 73 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 70 | Inverse Equities, Leveraged Equities | CPNM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 63 | Inverse Equities | CPNM vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 73 | Derivative Income | CPNM vs WNTR | |
| ProShares Short Bitcoin ETF | -0.39 | -0.42 | -0.42 | 52 | Cryptocurrency | CPNM vs BITI | |
| Invesco DB Energy Fund | -0.20 | -0.11 | -0.11 | 57 | Oil & Gas | CPNM vs DBE |
See all 2068 diversifiers for CPNM
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