Looking to balance out your exposure to CFNB? The ETFs below have the lowest correlation with CFNB — they tend to move on their own, which can help reduce risk when CFNB drops. The stock ideas table highlights individual companies that behave independently from CFNB.
Best Diversifiers for CFNB
1 ETFs have low correlation with CFNB (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin International Low Volatility High Dividend Index ETF (LVHI) (Volatility Hedged Equity) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | 0.03 | 0.07 | 0.06 | 95 | Volatility Hedged Equity, Dividend | CFNB vs LVHI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CFNB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CFNB and solid risk/return profiles. The least correlated is Casey's General Stores, Inc. (CASY) (Consumer Defensive) with a 1Y correlation of -0.07, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Casey's General Stores, Inc. | -0.07 | -0.02 | -0.01 | 93 | Consumer Defensive | |
| Elbit Systems Ltd | -0.06 | -0.04 | -0.03 | 83 | Industrials | |
| Walmart Inc. | -0.05 | -0.00 | -0.02 | 71 | Consumer Defensive |
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