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29 Stocks and 71 ETFs for diversifying CPSP (Calamos S&P 500 Structured Alt Protection ETF April)

The least correlated asset to CPSP (Calamos S&P 500 Structured Alt Protection ETF April) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with CPSP

SymbolName
Market cap
SectorIndustry
Correlation
OPTNOptiNose Inc$112MN/AN/A-1.00
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.84
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.77
SYTSYLA Technologies Co Ltd$60MTechnologySoftware - Application-0.74
COKECoca-Cola Consolidated Inc$13BConsumer DefensiveBeverages - Non-alcoholic-0.71
CMRXChimerix Inc$766MHealthcareBiotechnology-0.69
WVVIPWillamette Valley Vineyard Inc$22MConsumer DefensiveBeverages - Wineries & Distilleries-0.67
YORWYork Water Company$433MUtilitiesUtilities - Regulated Water-0.66
SANDSandstorm Gold Ltd$3.63BBasic MaterialsGold-0.63
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.63
EDConsolidated Edison Inc$39BUtilitiesUtilities - Regulated Electric-0.63
MLGOMicroAlgo Inc$43MTechnologySoftware - Infrastructure-0.62
TACHTitan Acquisition Corp - Class A$286MFinancial ServicesShell Companies-0.60
INTSIntensity Therapeutics Inc$11MHealthcareBiotechnology-0.60
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.60
RCCReady Capital Corporation 5.75% Senior Notes due 2026$4.05BN/AN/A-0.59
LITBLightInTheBox Holding Co Ltd$56MConsumer CyclicalInternet Retail-0.59
CPKChesapeake Utilities Corp$3.01BUtilitiesUtilities - Regulated Gas-0.59
SDHIRSiddhi Acquisition Corp$1.38MN/AN/A-0.59
SPHSuburban Propane Partners LP$1.31BUtilitiesUtilities - Regulated Gas-0.58
EXCExelon Corp$47BUtilitiesUtilities - Regulated Electric-0.57
HBNBHotel101 Global Holdings Corp$1.36BReal EstateReal Estate Services-0.57
TCMDTactile Systems Technology Inc$569MHealthcareMedical Devices-0.57
CDIOCardio Diagnostics Holdings Inc$5.18MHealthcareBiotechnology-0.54
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.53
BRK-ABerkshire Hathaway Inc - Class A$1.18TFinancial ServicesInsurance - Diversified-0.51
BRK-BBerkshire Hathaway Inc - Class B$1.04TFinancial ServicesInsurance - Diversified-0.51
VTRVentas Inc$43BReal EstateReit - Healthcare Facilities-0.51
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.51

ETFs that lowly correlated with CPSP

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.91
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.89
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.89
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.88
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.85
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.85
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.85
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.85
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.85
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.84
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.84
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.84
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.83
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.83
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.83
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.82
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.82
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.81
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.81
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.80
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.80
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.80
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.80
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.79
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.79
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.79
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.78
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.77
CAOSALPHA ARCHITECT TAIL RISK ETF $650M0.63%Aug 14, 2013-0.76
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.76
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.76
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $75MN/AAug 21, 2023-0.76
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.75
YXIProShares Short FTSE China 50 -1x Shares$4.30M0.95%Mar 16, 2010-0.75
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.75
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.74
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.74
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.74
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.74
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.74
FXPProShares UltraShort FTSE China 50 -2x Shares$5.60MN/ANov 6, 2007-0.73
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.73
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.72
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.72
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.70
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.69
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.69
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.69
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.68
YANGDIREXION DAILY FTSE CHINA BEAR 3X SHARES $110MN/ADec 3, 2009-0.67
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.67
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.66
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.66
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.64
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.63
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.63
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.62
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.62
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.61
CORNTeucrium Corn Fund$263M1.00%Jun 9, 2010-0.59
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.57
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.56
BITIProShares Short Bitcoin ETF$187M1.01%Jun 21, 2022-0.56
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.56
WNTRYieldMax Short MSTR Option Income Strategy ETF$72M1.00%Mar 26, 2025-0.56
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.54
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.54
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $4.80MN/AMar 31, 2025-0.53
MSDDGRANITESHARES 2X SHORT MSTR DAILY ETF $1MN/AJun 9, 2025-0.53
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $19M1.05%May 1, 2024-0.51