Looking to diversify beyond CPNQ? The ETFs below have the lowest correlation with CPNQ — 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 CPNQ.
Best Diversifiers for CPNQ
451 ETFs have low correlation with CPNQ (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 56 | Derivative Income | CPNQ vs USOY | |
| United States Oil Fund LP | -0.23 | — | — | 66 | Oil & Gas | CPNQ vs USO | |
| Invesco DB Energy Fund | -0.23 | — | — | 71 | Oil & Gas | CPNQ vs DBE | |
| United States Brent Oil Fund LP | -0.21 | -0.09 | -0.09 | 65 | Oil & Gas | CPNQ vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.21 | — | — | 55 | Oil & Gas | CPNQ vs OILK |
See all 2111 diversifiers for CPNQ
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