Looking to balance out your exposure to CFNB? The ETFs below have historically moved differently from CFNB, 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 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) (Dividend) with a 1Y correlation of 0.01, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | 0.01 | 0.07 | 0.06 | 97 | Dividend, Low Volatility | CFNB vs LVHI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CFNB, 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 Elbit Systems Ltd. (ESLT) (Industrials) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd. | -0.07 | -0.04 | -0.02 | 86 | Industrials | |
| Casey's General Stores, Inc. | -0.06 | -0.02 | -0.01 | 93 | Consumer Defensive | |
| Walmart Inc. | -0.04 | -0.00 | -0.03 | 60 | Consumer Defensive | |
| United States Lime & Minerals, Inc. | -0.01 | 0.06 | 0.06 | 54 | Basic Materials |
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