Looking to diversify beyond CNEQ? The ETFs below have the lowest correlation with CNEQ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CNEQ.
Best Diversifiers for CNEQ
521 ETFs have low correlation with CNEQ (below 0.3), 106 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 53 | Inverse Equities | CNEQ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 60 | Inverse Equities, Leveraged Equities | CNEQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 65 | Derivative Income | CNEQ vs WNTR | |
| Brookstone Ultra-Short Bond ETF | -0.24 | — | — | 99 | Ultrashort Bond | CNEQ vs BAMU | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | CNEQ vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNEQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNEQ and solid risk/return profiles. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.23, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.23 | 0.02 | 0.02 | 56 | Energy | |
| Enbridge Inc. | -0.16 | 0.02 | 0.02 | 87 | Energy | |
| Enterprise Products Partners L.P. | -0.15 | 0.07 | 0.07 | 83 | Energy | |
| Cheniere Energy Partners, L.P. | -0.13 | — | — | 68 | Energy | |
| Hess Midstream LP | -0.05 | 0.15 | 0.15 | 54 | Energy |
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