Looking to diversify beyond CONL? The ETFs below have historically moved differently from CONL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CONL
703 ETFs have low correlation with CONL (below 0.3), 67 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.80 | — | — | 61 | Inverse Equities, Leveraged Equities | CONL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.80 | — | — | 52 | Inverse Equities | CONL vs SMST | |
| ProShares Short Bitcoin ETF | -0.78 | -0.71 | — | 61 | Cryptocurrency | CONL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.78 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CONL vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.78 | — | — | 75 | Derivative Income | CONL vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CONL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is New Oriental Education & Technology Group Inc. (EDU) (Consumer Defensive) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| New Oriental Education & Technology Group Inc. | 0.08 | 0.17 | 0.15 | 72 | Consumer Defensive | |
| Zoom Video Communications, Inc. | 0.22 | 0.30 | 0.36 | 67 | Communication Services | |
| Apple Inc | 0.23 | 0.23 | 0.29 | 89 | Technology | |
| Powell Industries, Inc. | 0.26 | 0.33 | 0.32 | 93 | Industrials | |
| TAL Education Group | 0.27 | 0.20 | 0.17 | 56 | Consumer Defensive |
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