Looking to balance out your exposure to CNSWF? The ETFs below have the lowest correlation with CNSWF — they tend to move on their own, which can help reduce risk when CNSWF drops. The stock ideas table highlights individual companies that behave independently from CNSWF.
Best Diversifiers for CNSWF
5 ETFs have low correlation with CNSWF (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.07, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.08 | 0.23 | 0.36 | 95 | Semiconductors, Technology Equities | CNSWF vs SMH | |
| iMGP DBi Managed Futures Strategy ETF | 0.03 | 0.12 | 0.03 | 79 | Systematic Trend | CNSWF vs DBMF | |
| Invesco QQQ ETF | 0.13 | 0.36 | 0.46 | 64 | Nasdaq-100 | CNSWF vs QQQ | |
| Vanguard Dividend Appreciation ETF | 0.15 | 0.38 | 0.45 | 61 | Dividend | CNSWF vs VIG | |
| Vanguard Total World Stock ETF | 0.16 | 0.42 | 0.50 | 65 | Global Equities | CNSWF vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNSWF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNSWF and solid risk/return profiles. The least correlated is Comfort Systems USA, Inc. (FIX) (Industrials) with a 1Y correlation of -0.07, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Comfort Systems USA, Inc. | -0.07 | 0.20 | 0.26 | 99 | Industrials | |
| ASML Holding N.V. | -0.07 | 0.20 | 0.34 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.02 | 0.21 | 0.29 | 93 | Technology | |
| Red Rock Resorts, Inc. | 0.05 | 0.21 | 0.28 | 66 | Consumer Cyclical | |
| Broadcom Inc. | 0.06 | 0.25 | 0.33 | 71 | Technology |
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