Skip to main content

Want a detailed portfolio tracker?

OverviewPerformanceCorrelations
High CorrelationLow Correlation

45 Stocks and 55 ETFs for diversifying CPSM (CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - MAY)

The least correlated asset to CPSM (CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - MAY) is company U.S. Xpress Enterprises (USX). The correlation is -1.

Stocks that lowly correlated with CPSM

SymbolName
Market cap
SectorIndustry
Correlation
USXU.S. Xpress Enterprises Inc - Class A$332MIndustrialsTrucking-1.00
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-1.00
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.94
DMDesktop Metal Inc - Class A$165MN/AN/A-0.72
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.69
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.68
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.64
TWKSThoughtworks Holding Inc$1.45BN/AN/A-0.62
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.61
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.61
PTWOUSBC Medical Group Holdings Inc - Units (1 Ord Class A & 1 War)$1.13BN/AN/A-0.60
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.59
CDMOAvid Bioservices Inc$797MN/AN/A-0.59
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.59
IOTRiOThree Ltd$13MCommunication ServicesTelecom Services-0.57
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.57
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.57
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.55
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.54
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.53
CODI-P-CCompass Diversified Holdings 7.875 PRF PERPETUAL USD 25 Ser C$1.65BN/AN/A-0.53
RBCPRBC Bearings Incorporated 5.00 Series A Mandatory Convertible Preferred Stock$3.64BN/AN/A-0.53
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.53
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.53
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.53
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.52
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.52
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.52
CODI-P-BCompass Diversified Holdings$1.69BN/AOther-0.52
ALZNAlzamend Neuro Inc$4.68MHealthcareBiotechnology-0.51
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.50
JBIOJade Biosciences Inc$1.08BHealthcareBiotechnology-0.49
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.49
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.49
BGSB&G Foods Inc$305MConsumer DefensivePackaged Foods-0.48
LXEHLixiang Education Holding Co Ltd$2.70MConsumer DefensiveEducation & Training Services-0.48
LITBLightInTheBox Holding Co Ltd$60MConsumer CyclicalInternet Retail-0.47
CODI-P-ACompass Diversified Holdings 7250 Series A Preferred Shares representing beneficial interest in$1.53BN/AOther-0.47
UNHUnitedhealth Group Inc$380BHealthcareHealthcare Plans-0.47
INTSIntensity Therapeutics Inc$12MHealthcareBiotechnology-0.47
GDSTRGoldenstone Acquisition Ltd$160KN/AN/A-0.46
DCPHDeciphera Pharmaceuticals Inc$2.24BHealthcareDrug Manufacturers - Specialty & Generic-0.46
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.45
PLMIPlum Acquisition Corp I - Class A$192MN/AN/A-0.45
RCBReady Capital Corp$3.99BN/AOther-0.44

ETFs that lowly correlated with CPSM

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.96
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.76
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.75
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.75
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.72
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.72
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.67
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.67
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.67
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.66
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.65
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.65
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.65
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.64
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.64
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.63
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.63
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.63
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.62
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.62
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.62
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.62
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.61
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.61
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.60
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.60
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.60
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.59
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.59
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.59
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.58
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.58
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.57
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.57
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.56
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.56
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.55
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.55
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.54
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.53
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.52
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.52
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.51
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.51
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.51
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.50
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.49
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.49
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.49
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.49
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.48
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.48
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.47
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.46
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.45