Looking to diversify beyond CANQ? The ETFs below have the lowest correlation with CANQ — 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 CANQ.
Best Diversifiers for CANQ
318 ETFs have low correlation with CANQ (below 0.3), 43 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.25 | — | — | 55 | Inverse Equities | CANQ vs NFXS | |
| United States Gasoline Fund LP | -0.24 | — | — | 55 | Oil & Gas | CANQ vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | CANQ vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | CANQ vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 95 | Inflation-Protected Bonds | CANQ vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CANQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CANQ and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.10, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.10 | 0.27 | 0.27 | 74 | Healthcare | |
| Palo Alto Networks, Inc. | 0.36 | 0.43 | 0.43 | 69 | Technology | |
| CrowdStrike Holdings, Inc. | 0.45 | 0.52 | 0.52 | 65 | Technology | |
| Robinhood Markets, Inc. | 0.53 | 0.51 | 0.51 | 58 | Financial Services |
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