Looking to balance out your exposure to CNK? The ETFs below have the lowest correlation with CNK — they tend to move on their own, which can help reduce risk when CNK drops. The stock ideas table highlights individual companies that behave independently from CNK.
Best Diversifiers for CNK
1 ETFs have low correlation with CNK (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.16 | 0.32 | 70 | S&P 500 | CNK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNK and solid risk/return profiles. The least correlated is Iridium Communications Inc. (IRDM) (Communication Services) with a 1Y correlation of 0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Iridium Communications Inc. | 0.07 | 0.10 | 0.20 | 75 | Communication Services | |
| Roku, Inc. | 0.11 | 0.16 | 0.29 | 78 | Communication Services | |
| TKO Group Holdings Inc. | 0.13 | — | — | 62 | Communication Services | |
| Warner Bros. Discovery, Inc. | 0.17 | 0.21 | 0.35 | 97 | Communication Services | |
| Fox Corporation | 0.21 | 0.17 | 0.29 | 55 | Communication Services |
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