Looking to balance out your exposure to CPRX? The ETFs below have historically moved differently from CPRX, 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 CPRX
15 ETFs have low correlation with CPRX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.06, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.02 | -0.01 | 100 | Ultrashort Bond | CPRX vs SGOV | |
| VanEck Semiconductor ETF | 0.12 | 0.19 | 0.28 | 88 | Semiconductors, Technology Equities | CPRX vs SMH | |
| Global X Hydrogen ETF | 0.16 | 0.20 | 0.27 | 54 | Alternative Energy Equities, Energy Equities | CPRX vs HYDR | |
| Global X Artificial Intelligence & Technology ETF | 0.18 | 0.28 | 0.34 | 53 | Artificial Intelligence, Technology Equities | CPRX vs AIQ | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 0.18 | — | — | 89 | Blockchain, Equity Hedged | CPRX vs HECO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CPRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.08 | 0.13 | 85 | Energy | |
| Texas Pacific Land Corporation | -0.08 | 0.15 | 0.23 | 64 | Energy | |
| CF Industries Holdings, Inc. | -0.06 | 0.05 | 0.12 | 68 | Basic Materials | |
| Chevron Corporation | -0.05 | 0.08 | 0.13 | 79 | Energy | |
| ConocoPhillips Company | -0.04 | 0.10 | 0.15 | 73 | Energy |
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