Looking to balance out your exposure to CNA? The ETFs below have the lowest correlation with CNA — they tend to move on their own, which can help reduce risk when CNA drops. The stock ideas table highlights individual companies that behave independently from CNA.
Best Diversifiers for CNA
2 ETFs have low correlation with CNA (below 0.3), 0 of which are negatively correlated. The least correlated is Global X S&P 500 Covered Call ETF (XYLD) (Derivative Income) with a 1Y correlation of 0.04, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Covered Call ETF | 0.04 | 0.15 | 0.31 | 84 | Derivative Income, S&P 500 | CNA vs XYLD | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.15 | 0.33 | 74 | S&P 500 | CNA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNA and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.11 | -0.02 | 0.13 | 94 | Industrials | |
| EOG Resources, Inc. | 0.03 | 0.14 | 0.26 | 71 | Energy | |
| InterDigital, Inc. | 0.03 | 0.06 | 0.20 | 53 | Communication Services | |
| AerCap Holdings N.V. | 0.15 | 0.20 | 0.38 | 65 | Industrials | |
| Willis Lease Finance Corporation | 0.16 | 0.18 | 0.23 | 61 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CNA
Add CNA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CNA