Looking to balance out your exposure to CGON? The ETFs below have the lowest correlation with CGON — they tend to move on their own, which can help reduce risk when CGON drops. The stock ideas table highlights individual companies that behave independently from CGON.
Best Diversifiers for CGON
1 ETFs have low correlation with CGON (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.33 | 0.33 | 59 | S&P 500 | CGON vs VOO | |
| Tema Oncology ETF | 0.54 | — | — | 85 | Health & Biotech Equities | CGON vs CANC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGON and solid risk/return profiles. The least correlated is NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | -0.02 | 0.05 | 0.05 | 64 | Real Estate | |
| Enterprise Products Partners L.P. | 0.06 | 0.10 | 0.10 | 85 | Energy | |
| Energy Transfer LP | 0.07 | — | — | 72 | Energy | |
| Eversource Energy | 0.08 | — | — | 62 | Utilities | |
| DHT Holdings, Inc. | 0.09 | 0.11 | 0.11 | 92 | Energy |
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