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
19 ETFs have low correlation with CPRT (below 0.3), 7 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.18, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.18 | 0.20 | 0.40 | 60 | Leveraged Equities, Semiconductors | CPRT vs USD | |
| VanEck Semiconductor ETF | -0.17 | 0.22 | 0.42 | 90 | Semiconductors, Technology Equities | CPRT vs SMH | |
| State Street Technology Select Sector SPDR ETF | -0.07 | 0.30 | 0.49 | 54 | Technology Equities | CPRT vs XLK | |
| iMGP DBi Managed Futures Strategy ETF | -0.04 | 0.07 | -0.02 | 86 | Systematic Trend | CPRT vs DBMF | |
| Vanguard Information Technology ETF | -0.04 | 0.32 | 0.50 | 50 | Technology Equities | CPRT vs VGT |
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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 Applied Materials, Inc. (AMAT) (Technology) with a 1Y correlation of -0.20, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Materials, Inc. | -0.20 | 0.19 | 0.37 | 96 | Technology | |
| Micron Technology, Inc. | -0.20 | 0.13 | 0.28 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.18 | 0.18 | 0.36 | 96 | Technology | |
| Lam Research Corporation | -0.17 | 0.19 | 0.36 | 97 | Technology | |
| ASML Holding N.V. | -0.16 | 0.20 | 0.39 | 96 | Technology |
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Build a portfolio that complements CPRT
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