Looking to balance out your exposure to CANG? The ETFs below have the lowest correlation with CANG — they tend to move on their own, which can help reduce risk when CANG drops. The stock ideas table highlights individual companies that behave independently from CANG.
No Diversifiers Found for CANG
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CANG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CANG and solid risk/return profiles. The least correlated is IREN Limited (IREN) (Financial Services) with a 1Y correlation of 0.31, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IREN Limited | 0.31 | 0.25 | — | 74 | Financial Services | |
| TeraWulf Inc. | 0.31 | 0.25 | — | 94 | Technology | |
| Cipher Digital Inc. | 0.32 | 0.25 | — | 86 | Technology | |
| Keel Infrastructure Corporation | 0.32 | 0.27 | 0.24 | 89 | Financial Services | |
| Riot Platforms, Inc. | 0.33 | 0.29 | 0.25 | 65 | Technology |
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