Looking to diversify beyond CPSM? The ETFs below have the lowest correlation with CPSM — 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 CPSM.
Best Diversifiers for CPSM
408 ETFs have low correlation with CPSM (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.34 | -0.34 | 53 | Cryptocurrency | CPSM vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | CPSM vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 65 | Inverse Equities, Leveraged Equities | CPSM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 56 | Inverse Equities | CPSM vs SMST | |
| Invesco DB Energy Fund | -0.19 | -0.00 | -0.00 | 57 | Oil & Gas | CPSM vs DBE |
See all 2075 diversifiers for CPSM
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