Looking to balance out your exposure to CPRX? The ETFs below have the lowest correlation with CPRX — they tend to move on their own, which can help reduce risk when CPRX drops. The stock ideas table highlights individual companies that behave independently from CPRX.
Best Diversifiers for CPRX
14 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 -0.08, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.02 | -0.01 | 100 | Ultrashort Bond | CPRX vs SGOV | |
| VanEck Semiconductor ETF | 0.12 | 0.20 | 0.29 | 92 | Semiconductors, Technology Equities | CPRX vs SMH | |
| Global X Hydrogen ETF | 0.16 | 0.21 | — | 55 | Alternative Energy Equities | CPRX vs HYDR | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 0.18 | — | — | 87 | Blockchain, Equity Hedged | CPRX vs HECO | |
| Global X Artificial Intelligence & Technology ETF | 0.19 | 0.28 | 0.34 | 56 | Technology Equities | CPRX vs AIQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPRX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.06 | 0.07 | 0.13 | 75 | Energy | |
| Texas Pacific Land Corporation | -0.06 | 0.16 | 0.23 | 57 | Energy | |
| CF Industries Holdings, Inc. | -0.06 | 0.05 | 0.12 | 64 | Basic Materials | |
| Walmart Inc. | -0.04 | 0.12 | 0.14 | 71 | Consumer Defensive | |
| Chevron Corporation | -0.04 | 0.08 | 0.13 | 70 | Energy |
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