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
487 ETFs have low correlation with CPNQ (below 0.3), 71 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 60 | Inverse Equities | CPNQ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | CPNQ vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | CPNQ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.36 | -0.42 | -0.42 | 57 | Cryptocurrency | CPNQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CPNQ vs SBIT |
See all 2047 diversifiers for CPNQ
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