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), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.02 | -0.02 | 100 | Ultrashort Bond | CNI vs SGOV | |
| Vanguard Information Technology ETF | 0.12 | 0.30 | 0.42 | 58 | Technology Equities | CNI vs VGT | |
| Invesco QQQ ETF | 0.16 | 0.32 | 0.43 | 59 | Nasdaq-100 | CNI vs QQQ | |
| iShares MSCI All Country Asia ex-Japan ETF | 0.24 | 0.35 | 0.41 | 68 | Asia Pacific Equities | CNI vs AAXJ | |
| Vanguard S&P 500 ETF | 0.27 | 0.44 | 0.53 | 59 | S&P 500 | CNI vs VOO |
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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 -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.09 | 0.10 | 0.22 | 69 | Technology | |
| Datadog, Inc. | -0.07 | 0.11 | 0.21 | 73 | Technology | |
| NVIDIA Corporation | 0.01 | 0.16 | 0.29 | 72 | Technology | |
| Seagate Technology plc | 0.01 | 0.20 | 0.29 | 99 | Technology | |
| Amazon.com, Inc | 0.02 | 0.15 | 0.26 | 54 | Consumer Cyclical |
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