Looking to balance out your exposure to CPT? The ETFs below have the lowest correlation with CPT — they tend to move on their own, which can help reduce risk when CPT drops. The stock ideas table highlights individual companies that behave independently from CPT.
Best Diversifiers for CPT
3 ETFs have low correlation with CPT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.11, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.11 | 0.31 | 0.41 | 63 | S&P 500 | CPT vs SPY | |
| Schwab Fundamental Emerging Markets Equity ETF | 0.11 | 0.22 | 0.26 | 56 | Emerging Markets Equities | CPT vs FNDE | |
| Vanguard S&P 500 ETF | 0.11 | 0.31 | 0.41 | 63 | S&P 500 | CPT vs VOO | |
| Schwab International Dividend Equity ETF | 0.34 | 0.38 | 0.40 | 60 | Dividend, Foreign Large Cap Equities | CPT vs SCHY | |
| Schwab U.S. Dividend Equity ETF | 0.42 | 0.53 | 0.53 | 87 | Dividend | CPT vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CPT and solid risk/return profiles. The least correlated is UOL Group Ltd ADR (UOLGY) (Real Estate) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UOL Group Ltd ADR | 0.08 | 0.13 | 0.15 | 88 | Real Estate | |
| Chevron Corporation | 0.08 | 0.17 | 0.17 | 72 | Energy | |
| Cummins Inc. | 0.12 | 0.28 | 0.31 | 97 | Industrials | |
| Corporación Inmobiliaria Vesta S.A.B de C.V. | 0.17 | 0.22 | 0.22 | 76 | Real Estate | |
| Equinix, Inc. | 0.22 | 0.40 | 0.48 | 81 | Real Estate |
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