Looking to balance out your exposure to CPZ? The ETFs below have the lowest correlation with CPZ — they tend to move on their own, which can help reduce risk when CPZ drops. The stock ideas table highlights individual companies that behave independently from CPZ.
Best Diversifiers for CPZ
8 ETFs have low correlation with CPZ (below 0.3), 1 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.04, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.04 | 0.23 | 0.31 | 77 | Large Cap Value Equities, Dividend | CPZ vs FDL | |
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.26 | 0.35 | 85 | Dividend | CPZ vs SCHD | |
| iShares International Select Dividend ETF | 0.12 | 0.25 | 0.34 | 84 | Global Equities, Dividend | CPZ vs IDV | |
| iShares U.S. Dividend and Buyback ETF | 0.12 | 0.30 | 0.41 | 84 | Large Cap Blend Equities, Dividend | CPZ vs DIVB | |
| Amplify CWP Enhanced Dividend Income ETF | 0.13 | 0.27 | 0.36 | 69 | Derivative Income | CPZ vs DIVO |
See all 8 diversifiers for CPZ
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Diversification Analysis
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