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
532 ETFs have low correlation with CONL (below 0.3), 33 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | CONL vs CSHP | |
| Schwab Ultra-Short Income ETF | -0.10 | — | — | 99 | Ultrashort Bond | CONL vs SCUS | |
| Franklin Liberty Systematic Style Premia ETF | -0.09 | -0.01 | — | 60 | Long-Short | CONL vs FLSP | |
| Brookmont Catastrophic Bond ETF | -0.08 | — | — | 95 | Nontraditional Bonds | CONL vs ILS | |
| Obra Opportunistic Structured Products ETF | -0.08 | — | — | 72 | Multisector Bonds | CONL vs OOSP |
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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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.20, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.20 | 0.22 | — | 88 | Technology | |
| Powell Industries, Inc. | 0.27 | 0.34 | — | 99 | Industrials | |
| Alphabet Inc. Class A | 0.29 | 0.34 | — | 96 | Communication Services | |
| Etsy, Inc. | 0.31 | 0.30 | 0.34 | 58 | Consumer Cyclical | |
| Enphase Energy, Inc. | 0.32 | 0.27 | 0.29 | 64 | Technology |
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