Looking to balance out your exposure to CNC? The ETFs below have the lowest correlation with CNC — they tend to move on their own, which can help reduce risk when CNC drops. The stock ideas table highlights individual companies that behave independently from CNC.
Best Diversifiers for CNC
14 ETFs have low correlation with CNC (below 0.3), 1 of which are negatively correlated. The least correlated is Direxion Daily GOOGL Bull 2X Shares (GGLL) (Leveraged Equities) with a 1Y correlation of -0.03, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | -0.03 | -0.00 | — | 93 | Leveraged Equities | CNC vs GGLL | |
| VanEck Semiconductor ETF | 0.01 | 0.02 | 0.09 | 90 | Semiconductors, Technology Equities | CNC vs SMH | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | 0.02 | -0.01 | 100 | Ultrashort Bond | CNC vs SGOV | |
| Vanguard FTSE Pacific ETF | 0.04 | 0.11 | 0.19 | 67 | Asia Pacific Equities | CNC vs VPL | |
| Vanguard International High Dividend Yield ETF | 0.05 | 0.14 | 0.23 | 84 | Dividend, Foreign Large Cap Equities | CNC vs VYMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNC and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.08 | -0.02 | 0.10 | 93 | Technology | |
| Broadcom Inc. | -0.08 | -0.03 | 0.06 | 67 | Technology | |
| Banco Macro S.A. | -0.06 | -0.03 | 0.07 | 70 | Financial Services | |
| GE Vernova Inc. | -0.06 | — | — | 86 | Industrials | |
| Electronic Arts Inc. | -0.04 | 0.11 | 0.16 | 96 | Communication Services |
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