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
12 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 -0.10, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | -0.00 | 100 | Ultrashort Bond | CPRX vs SGOV | |
| VanEck Rare Earth and Strategic Metals ETF | 0.08 | 0.20 | 0.28 | 80 | Rare Earth & Strategic Metals | CPRX vs REMX | |
| VanEck Semiconductor ETF | 0.14 | 0.20 | 0.29 | 94 | Semiconductors, Technology Equities | CPRX vs SMH | |
| Global X Hydrogen ETF | 0.18 | 0.21 | — | 80 | Alternative Energy Equities | CPRX vs HYDR | |
| State Street Galaxy Hedged Digital Asset Ecosystem... | 0.19 | — | — | 92 | Blockchain, Equity Hedged | CPRX vs HECO |
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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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.07 | 0.12 | 0.14 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.05 | 0.08 | 0.14 | 72 | Energy | |
| The Southern Company | -0.04 | 0.07 | 0.09 | 55 | Utilities | |
| Chevron Corporation | -0.03 | 0.08 | 0.14 | 70 | Energy | |
| Embotelladora Andina S.A | -0.01 | 0.01 | 0.05 | 57 | Consumer Defensive |
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