Looking to diversify beyond CPNM? The ETFs below have historically moved differently from CPNM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CPNM
451 ETFs have low correlation with CPNM (below 0.3), 65 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 58 | Derivative Income | CPNM vs WNTR | |
| Invesco DB Energy Fund | -0.22 | — | — | 54 | Oil & Gas | CPNM vs DBE | |
| Westwood Salient Enhanced Midstream Income ETF | -0.21 | — | — | 61 | Energy Equities | CPNM vs MDST | |
| Strive U.S. Energy ETF | -0.21 | — | — | 53 | Energy Equities | CPNM vs DRLL | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.20 | — | — | 53 | Leveraged Equities | CPNM vs NRGU |
See all 2133 diversifiers for CPNM
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