Looking to diversify beyond CANC? The ETFs below have historically moved differently from CANC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CANC
763 ETFs have low correlation with CANC (below 0.3), 97 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | -0.14 | — | 55 | Oil & Gas | CANC vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.15 | — | 52 | Oil & Gas | CANC vs BNO | |
| Invesco DB Energy Fund | -0.29 | -0.16 | — | 72 | Oil & Gas | CANC vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.14 | — | 58 | Oil & Gas | CANC vs DBO | |
| United States Gasoline Fund LP | -0.27 | -0.15 | — | 87 | Oil & Gas | CANC vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CANC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.36, roughly unchanged from 0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.36 | 0.30 | — | 97 | Healthcare | |
| Eli Lilly and Company | 0.52 | 0.38 | — | 83 | Healthcare | |
| CG Oncology, Inc | 0.55 | — | — | 96 | Healthcare |
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