Looking to balance out your exposure to CSPKY? The ETFs below have the lowest correlation with CSPKY — they tend to move on their own, which can help reduce risk when CSPKY drops. The stock ideas table highlights individual companies that behave independently from CSPKY.
Best Diversifiers for CSPKY
1 ETFs have low correlation with CSPKY (below 0.3), 1 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 -0.00, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.00 | -0.00 | 0.00 | 70 | S&P 500 | CSPKY vs SPY |
Diversification Analysis
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