Looking to balance out your exposure to CPOP? The ETFs below have the lowest correlation with CPOP — they tend to move on their own, which can help reduce risk when CPOP drops. The stock ideas table highlights individual companies that behave independently from CPOP.
Best Diversifiers for CPOP
1 ETFs have low correlation with CPOP (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.16 | 0.10 | — | 70 | S&P 500 | CPOP vs SPY |
Diversification Analysis
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