Looking to diversify beyond CNYA? The ETFs below have the lowest correlation with CNYA — 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 CNYA.
Best Diversifiers for CNYA
571 ETFs have low correlation with CNYA (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.16 | -0.13 | 61 | Leveraged Currency | CNYA vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.14 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CNYA vs BIL | |
| iShares Diversified Commodity Swap UCITS ETF | -0.13 | -0.03 | -0.03 | 77 | Commodities | CNYA vs ISCMF | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | CNYA vs CSHP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.11 | — | — | 95 | Inflation-Protected Bonds | CNYA vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNYA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNYA and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.23, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.23 | 0.17 | 0.20 | 52 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.25 | 0.20 | 0.22 | 96 | Communication Services | |
| NVIDIA Corporation | 0.26 | 0.19 | 0.23 | 76 | Technology |
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