Looking to diversify beyond CNEQ? The ETFs below have historically moved differently from CNEQ, 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 CNEQ
621 ETFs have low correlation with CNEQ (below 0.3), 156 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | — | — | 51 | Cryptocurrency | CNEQ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | -0.46 | -0.46 | 69 | Derivative Income | CNEQ vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | CNEQ vs IBIC | |
| YieldMax XOM Option Income Strategy ETF | -0.26 | — | — | 52 | Derivative Income, Dividend | CNEQ vs XOMO | |
| iShares Core High Dividend ETF | -0.25 | -0.10 | -0.10 | 91 | Dividend, Large Cap Value Equities | CNEQ vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CNEQ, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.27, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.27 | 0.00 | 0.00 | 53 | Energy | |
| Enbridge Inc. | -0.18 | 0.00 | 0.00 | 82 | Energy | |
| Enterprise Products Partners L.P. | -0.18 | 0.04 | 0.04 | 89 | Energy | |
| Cheniere Energy Partners, L.P. | -0.14 | 0.02 | 0.02 | 70 | Energy | |
| MPLX LP | -0.06 | 0.14 | 0.14 | 82 | Energy |
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