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
6 ETFs have low correlation with CNSWF (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.10, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.09 | 0.14 | 70 | Energy Equities | CNSWF vs XLE | |
| VanEck Semiconductor ETF | 0.02 | 0.27 | 0.39 | 96 | Semiconductors, Technology Equities | CNSWF vs SMH | |
| iMGP DBi Managed Futures Strategy ETF | 0.06 | 0.13 | 0.03 | 83 | Systematic Trend | CNSWF vs DBMF | |
| Vanguard Dividend Appreciation ETF | 0.22 | 0.40 | 0.46 | 60 | Dividend | CNSWF vs VIG | |
| Invesco QQQ ETF | 0.22 | 0.40 | 0.48 | 74 | Nasdaq-100 | CNSWF vs QQQ |
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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 ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.04, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.04 | 0.22 | 0.35 | 94 | Technology | |
| Comfort Systems USA, Inc. | -0.02 | 0.23 | 0.27 | 98 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.02 | 0.23 | 0.30 | 95 | Technology | |
| Red Rock Resorts, Inc. | 0.05 | 0.22 | 0.28 | 58 | Consumer Cyclical | |
| Eli Lilly and Company | 0.08 | 0.19 | 0.19 | 75 | Healthcare |
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