Looking to balance out your exposure to CPRT? The ETFs below have the lowest correlation with CPRT — they tend to move on their own, which can help reduce risk when CPRT drops. The stock ideas table highlights individual companies that behave independently from CPRT.
Best Diversifiers for CPRT
20 ETFs have low correlation with CPRT (below 0.3), 3 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.08, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.08 | 0.24 | 0.43 | 90 | Leveraged Equities, Semiconductors | CPRT vs USD | |
| VanEck Semiconductor ETF | -0.06 | 0.27 | 0.45 | 96 | Semiconductors, Technology Equities | CPRT vs SMH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | CPRT vs BIL | |
| State Street Technology Select Sector SPDR ETF | 0.04 | 0.36 | 0.52 | 83 | Technology Equities | CPRT vs XLK | |
| Alpha Architect 1-3 Month Box ETF | 0.05 | 0.09 | 0.09 | 100 | Ultrashort Bond | CPRT vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPRT and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.11, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.11 | 0.17 | 0.31 | 99 | Technology | |
| Applied Materials, Inc. | -0.11 | 0.23 | 0.40 | 96 | Technology | |
| Advanced Micro Devices, Inc. | -0.09 | 0.23 | 0.39 | 98 | Technology | |
| ASML Holding N.V. | -0.08 | 0.25 | 0.42 | 94 | Technology | |
| Lam Research Corporation | -0.08 | 0.24 | 0.40 | 98 | Technology |
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Build a portfolio that complements CPRT
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