Looking to balance out your exposure to CNX? The ETFs below have the lowest correlation with CNX — they tend to move on their own, which can help reduce risk when CNX drops. The stock ideas table highlights individual companies that behave independently from CNX.
Best Diversifiers for CNX
1 ETFs have low correlation with CNX (below 0.3), 1 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 -0.02, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.02 | 0.15 | 0.28 | 63 | S&P 500 | CNX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNX and solid risk/return profiles. The least correlated is Banco Macro S.A. (BMA) (Financial Services) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco Macro S.A. | -0.07 | 0.10 | 0.15 | 62 | Financial Services | |
| Applied Digital Corporation | -0.06 | 0.04 | 0.12 | 93 | Technology | |
| Sterling Infrastructure, Inc. | -0.04 | 0.13 | 0.22 | 96 | Industrials | |
| Lithium Americas Corp. | 0.00 | — | — | 64 | Basic Materials | |
| Flywire Corporation | 0.00 | 0.14 | 0.18 | 73 | Technology |
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