Looking to diversify beyond CPNQ? The ETFs below have historically moved differently from CPNQ, 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 CPNQ
574 ETFs have low correlation with CPNQ (below 0.3), 95 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 52 | Inverse Equities | CPNQ vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 75 | Derivative Income | CPNQ vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | CPNQ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.39 | — | — | 61 | Cryptocurrency | CPNQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CPNQ vs SBIT |
See all 2237 diversifiers for CPNQ
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