Looking to diversify beyond CPSJ? The ETFs below have the lowest correlation with CPSJ — 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 CPSJ.
Best Diversifiers for CPSJ
358 ETFs have low correlation with CPSJ (below 0.3), 46 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.43, 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 | -0.43 | -0.41 | -0.41 | 53 | Inverse Equities | CPSJ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.41 | -0.41 | 60 | Inverse Equities, Leveraged Equities | CPSJ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | -0.42 | -0.42 | 65 | Derivative Income | CPSJ vs WNTR | |
| United States Gasoline Fund LP | -0.24 | — | — | 72 | Oil & Gas | CPSJ vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | CPSJ vs RBIL |
See all 2057 diversifiers for CPSJ
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Diversification Analysis
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