Looking to balance out your exposure to CNI? The ETFs below have historically moved differently from CNI, 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 CNI
10 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 -0.04, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.01 | -0.02 | 100 | Ultrashort Bond | CNI vs SGOV | |
| Vanguard Information Technology ETF | 0.06 | 0.26 | 0.40 | 60 | Technology Equities | CNI vs VGT | |
| State Street Energy Select Sector SPDR ETF | 0.09 | 0.25 | 0.30 | 75 | Energy Equities | CNI vs XLE | |
| Invesco QQQ ETF | 0.09 | 0.28 | 0.41 | 58 | Nasdaq-100 | CNI vs QQQ | |
| Fidelity Clean Energy ETF | 0.15 | 0.30 | — | 50 | Alternative Energy Equities, Energy Equities | CNI vs FRNW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CNI, 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 Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.09 | 0.09 | 0.22 | 90 | Technology | |
| Datadog, Inc. | -0.09 | 0.09 | 0.20 | 83 | Technology | |
| Valero Energy Corporation | -0.06 | 0.18 | 0.22 | 98 | Energy | |
| Broadcom Inc. | -0.02 | 0.14 | 0.27 | 68 | Technology | |
| Fortinet, Inc. | -0.02 | 0.11 | 0.27 | 82 | Technology |
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