Looking to diversify beyond CNXT? The ETFs below have the lowest correlation with CNXT — 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 CNXT.
Best Diversifiers for CNXT
727 ETFs have low correlation with CNXT (below 0.3), 47 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 95 | Inflation-Protected Bonds | CNXT vs IBID | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.07 | -0.02 | 100 | Government Bonds, Ultrashort Bond | CNXT vs BIL | |
| United States Gasoline Fund LP | -0.14 | -0.00 | 0.05 | 55 | Oil & Gas | CNXT vs UGA | |
| ProShares UltraShort Yen | -0.12 | -0.12 | -0.11 | 63 | Leveraged Currency | CNXT vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | 0.02 | 0.02 | 99 | Ultrashort Bond | CNXT vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNXT and solid risk/return profiles. The least correlated is Royal Bank of Canada (RY) (Financial Services) with a 1Y correlation of 0.22, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Royal Bank of Canada | 0.22 | 0.18 | 0.20 | 97 | Financial Services |
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