Looking to diversify beyond CNRG? The ETFs below have the lowest correlation with CNRG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CNRG.
Best Diversifiers for CNRG
520 ETFs have low correlation with CNRG (below 0.3), 72 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 53 | Inverse Equities | CNRG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | CNRG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | CNRG vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.25 | -0.10 | -0.01 | 53 | Options Trading | CNRG vs CAOS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.23 | — | — | 96 | Inflation-Protected Bonds | CNRG vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNRG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNRG and solid risk/return profiles. The least correlated is Albemarle Corporation (ALB) (Basic Materials) with a 1Y correlation of 0.42, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Albemarle Corporation | 0.42 | 0.52 | 0.56 | 79 | Basic Materials | |
| Enlight Renewable Energy Ltd. Ordinary Shares | 0.44 | 0.37 | — | 98 | Utilities | |
| Clearway Energy, Inc. | 0.46 | 0.55 | 0.55 | 58 | Utilities | |
| Tesla, Inc. | 0.52 | 0.45 | 0.51 | 64 | Consumer Cyclical | |
| First Solar, Inc. | 0.65 | 0.68 | 0.70 | 64 | Technology |
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