Looking to diversify beyond CPSD? The ETFs below have the lowest correlation with CPSD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CPSD.
Best Diversifiers for CPSD
411 ETFs have low correlation with CPSD (below 0.3), 50 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.41 | -0.41 | 53 | Inverse Equities | CPSD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.41 | -0.41 | 60 | Inverse Equities, Leveraged Equities | CPSD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.39 | -0.39 | 65 | Derivative Income | CPSD vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.24 | — | — | 51 | Multistrategy | CPSD vs RSBY | |
| Direxion Daily NFLX Bear 1X Shares | -0.20 | — | — | 60 | Inverse Equities | CPSD vs NFXS |
See all 2056 diversifiers for CPSD
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Diversification Analysis
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