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
408 ETFs have low correlation with CPNM (below 0.3), 67 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.30 | -0.15 | -0.15 | 66 | Oil & Gas | CPNM vs USO | |
| Invesco DB Energy Fund | -0.28 | — | — | 71 | Oil & Gas | CPNM vs DBE | |
| United States Brent Oil Fund LP | -0.27 | — | — | 65 | Oil & Gas | CPNM vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.11 | -0.11 | 55 | Oil & Gas | CPNM vs OILK | |
| United States 12 Month Oil Fund LP | -0.26 | — | — | 56 | Oil & Gas | CPNM vs USL |
See all 2111 diversifiers for CPNM
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