Looking to diversify beyond CPRJ? The ETFs below have the lowest correlation with CPRJ — 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 CPRJ.
Best Diversifiers for CPRJ
394 ETFs have low correlation with CPRJ (below 0.3), 49 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CPRJ vs SBIT | |
| ProShares Short Bitcoin ETF | -0.39 | -0.42 | -0.42 | 57 | Cryptocurrency | CPRJ vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | CPRJ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 60 | Inverse Equities | CPRJ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | CPRJ vs WNTR |
See all 2047 diversifiers for CPRJ
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