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
657 ETFs have low correlation with CNYA (below 0.3), 67 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.30 | -0.32 | 51 | Currency | CNYA vs UUP | |
| ProShares Short Bitcoin ETF | -0.24 | -0.14 | -0.18 | 57 | Cryptocurrency | CNYA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | -0.19 | -0.19 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CNYA vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.18 | — | — | 53 | Inverse Equities | CNYA vs SMST | |
| Return Stacked Bonds & Futures Yield ETF | -0.18 | — | — | 51 | Multistrategy | CNYA vs RSBY |
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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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.04, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.04 | 0.09 | 0.13 | 53 | Financial Services | |
| Amazon.com, Inc | 0.20 | 0.16 | 0.20 | 54 | Consumer Cyclical | |
| NVIDIA Corporation | 0.25 | 0.18 | 0.23 | 65 | Technology | |
| Alphabet Inc. Class A | 0.26 | 0.20 | 0.23 | 96 | Communication Services |
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