Looking to balance out your exposure to CGNX? The ETFs below have historically moved differently from CGNX, 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 CGNX
0 ETFs have low correlation with CGNX (below 0.3), 0 of which are negatively correlated. The least correlated is Amplify CWP Enhanced Dividend Income ETF (DIVO) (Derivative Income) with a 1Y correlation of 0.35, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | 0.35 | 0.44 | 0.48 | 81 | Derivative Income | CGNX vs DIVO | |
| Vanguard S&P 500 ETF | 0.54 | 0.57 | 0.63 | 68 | S&P 500 | CGNX vs VOO | |
| Roundhill Generative AI & Technology ETF | 0.56 | 0.52 | — | 66 | Artificial Intelligence, Technology Equities | CGNX vs CHAT | |
| Vanguard Total Stock Market ETF | 0.57 | 0.60 | 0.66 | 67 | Large Cap Blend Equities | CGNX vs VTI | |
| iShares Morningstar Mid-Cap ETF | 0.57 | 0.62 | 0.66 | 75 | Mid Cap Blend Equities | CGNX vs IMCB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CGNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Smithfield Foods, Inc | -0.13 | — | — | 59 | Consumer Defensive | |
| Exelon Corporation | -0.06 | 0.05 | 0.15 | 52 | Utilities | |
| Delek US Holdings, Inc. | -0.05 | 0.07 | 0.12 | 97 | Energy | |
| Berkshire Hathaway Inc. | -0.01 | 0.17 | 0.29 | 61 | Financial Services | |
| SwissCom AG | -0.01 | 0.00 | 0.06 | 66 | Communication Services |
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