Looking to balance out your exposure to CNNE? The ETFs below have the lowest correlation with CNNE — they tend to move on their own, which can help reduce risk when CNNE drops. The stock ideas table highlights individual companies that behave independently from CNNE.
Best Diversifiers for CNNE
0 ETFs have low correlation with CNNE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.43, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.43 | 0.49 | 0.59 | 70 | S&P 500 | CNNE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNNE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNNE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.06 | 0.11 | 69 | Consumer Defensive |
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