Looking to diversify beyond CONL? The ETFs below have the lowest correlation with CONL — 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 CONL.
Best Diversifiers for CONL
611 ETFs have low correlation with CONL (below 0.3), 36 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.79 | — | — | 68 | Inverse Equities, Leveraged Equities | CONL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.78 | — | — | 60 | Inverse Equities | CONL vs SMST | |
| ProShares Short Bitcoin ETF | -0.76 | -0.70 | -0.67 | 57 | Cryptocurrency | CONL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.76 | -0.73 | -0.73 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CONL vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.76 | — | — | 70 | Derivative Income | CONL vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CONL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CONL and solid risk/return profiles. The least correlated is Zoom Video Communications, Inc. (ZM) (Communication Services) with a 1Y correlation of 0.22, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Zoom Video Communications, Inc. | 0.22 | 0.32 | 0.37 | 65 | Communication Services | |
| Powell Industries, Inc. | 0.23 | 0.33 | 0.32 | 96 | Industrials | |
| Apple Inc | 0.23 | 0.24 | — | 91 | Technology | |
| Vertiv Holdings Co. | 0.29 | 0.37 | — | 93 | Industrials | |
| Micron Technology, Inc. | 0.29 | 0.35 | — | 99 | Technology |
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