Looking to diversify beyond CANC? The ETFs below have the lowest correlation with CANC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CANC.
Best Diversifiers for CANC
495 ETFs have low correlation with CANC (below 0.3), 48 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.29 | -0.13 | -0.02 | 55 | Oil & Gas | CANC vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.27 | — | — | 97 | Inflation-Protected Bonds | CANC vs RBIL | |
| ProShares UltraShort Yen | -0.23 | -0.16 | — | 63 | Leveraged Currency | CANC vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | CANC vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.18 | -0.07 | — | 100 | Ultrashort Bond | CANC vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CANC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CANC and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.34, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.34 | 0.27 | — | 96 | Healthcare | |
| Eli Lilly and Company | 0.49 | 0.36 | — | 74 | Healthcare | |
| CG Oncology, Inc | 0.54 | — | — | 93 | Healthcare |
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