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31 Stocks and 69 ETFs for diversifying CPNS (CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - SEPTEMBER)

The least correlated asset to CPNS (CALAMOS NASDAQ-100 STRUCTURED ALT PROTECTION ETF - SEPTEMBER) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with CPNS

SymbolName
Market cap
SectorIndustry
Correlation
RBCPRBC Bearings Incorporated 5.00 Series A Mandatory Convertible Preferred Stock$3.64BN/AN/A-1.00
TWKSThoughtworks Holding Inc$1.45BN/AN/A-0.95
ITIIteris Inc$316MN/AN/A-0.95
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.94
PIRSPieris Pharmaceuticals Inc$24MN/AN/A-0.93
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.90
TBCAT&T Inc$180BN/AN/A-0.88
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.82
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.70
DMDesktop Metal Inc - Class A$165MN/AN/A-0.69
EDConsolidated Edison Inc$40BUtilitiesUtilities - Regulated Electric-0.68
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.64
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.62
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.60
DBGIWDigital Brands Group Inc - Warrants (01/05/2026)$40MN/AN/A-0.58
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.58
BRK-BBerkshire Hathaway Inc - Class B$1.05TFinancial ServicesInsurance - Diversified-0.57
BRK-ABerkshire Hathaway Inc - Class A$1.20TFinancial ServicesInsurance - Diversified-0.57
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.57
ADCAgree Realty Corp$9.32BReal EstateReit - Retail-0.55
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.55
AWKAmerican Water Works Co. Inc$25BUtilitiesUtilities - Regulated Water-0.55
EXCExelon Corp$47BUtilitiesUtilities - Regulated Electric-0.54
AVAAvista Corp$3.43BUtilitiesUtilities - Diversified-0.54
BGSB&G Foods Inc$305MConsumer DefensivePackaged Foods-0.54
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.53
CRVOCervoMed Inc$28MHealthcareBiotechnology-0.53
YORWYork Water Company$439MUtilitiesUtilities - Regulated Water-0.52
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.52
CNPCenterpoint Energy Inc$28BUtilitiesUtilities - Regulated Electric-0.52
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.51

ETFs that lowly correlated with CPNS

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-1.00
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.93
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.93
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.92
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.92
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.90
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.88
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.87
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.86
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.82
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.81
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.81
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.81
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.80
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.80
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.80
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.80
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.80
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.79
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.79
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.79
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.78
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.78
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.78
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.77
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.77
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.76
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.75
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.74
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.74
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.73
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.73
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.73
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.71
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.69
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.67
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.67
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.67
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.67
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.66
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.64
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.63
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.61
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.61
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.61
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.61
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.60
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.60
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.60
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.59
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.59
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.59
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.59
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.58
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.56
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.56
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.56
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.56
BRKUDIREXION DAILY BRKB BULL 2X SHARES $45MN/ADec 10, 2024-0.56
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.54
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.54
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.53
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $16MN/ASep 4, 2024-0.53
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.53
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.52
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.52