Looking to balance out your exposure to CNI? The ETFs below have the lowest correlation with CNI — they tend to move on their own, which can help reduce risk when CNI drops. The stock ideas table highlights individual companies that behave independently from CNI.
Best Diversifiers for CNI
7 ETFs have low correlation with CNI (below 0.3), 3 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | 0.00 | 0.11 | 66 | Oil & Gas | CNI vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.18 | 0.03 | 0.12 | 54 | Leveraged Commodities | CNI vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.02 | -0.01 | 100 | Ultrashort Bond | CNI vs SGOV | |
| State Street Energy Select Sector SPDR ETF | 0.07 | 0.25 | 0.31 | 63 | Energy Equities | CNI vs XLE | |
| Vanguard Information Technology ETF | 0.15 | 0.30 | 0.42 | 76 | Technology Equities | CNI vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNI and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.07 | 0.11 | 0.23 | 67 | Technology | |
| Datadog, Inc. | -0.07 | 0.10 | 0.20 | 81 | Technology | |
| Suncor Energy Inc. | 0.03 | 0.25 | 0.31 | 95 | Energy | |
| Altria Group, Inc. | 0.04 | 0.11 | 0.20 | 69 | Consumer Defensive | |
| NVIDIA Corporation | 0.04 | 0.17 | 0.30 | 78 | Technology |
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