Looking to diversify beyond CPSA? The ETFs below have historically moved differently from CPSA, 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 CPSA
356 ETFs have low correlation with CPSA (below 0.3), 51 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.38, roughly unchanged from -0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | -0.43 | -0.43 | 58 | Derivative Income | CPSA vs WNTR | |
| Invesco DB Energy Fund | -0.26 | -0.10 | -0.10 | 54 | Oil & Gas | CPSA vs DBE | |
| United States Gasoline Fund, LP | -0.22 | — | — | 72 | Oil & Gas | CPSA vs UGA | |
| ProShares UltraShort Yen | -0.18 | — | — | 56 | Leveraged Currency | CPSA vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | -0.02 | -0.02 | 51 | Commodities | CPSA vs GSG |
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