Looking to diversify beyond CONY? The ETFs below have historically moved differently from CONY, 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 CONY
711 ETFs have low correlation with CONY (below 0.3), 72 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 | -0.81 | — | — | 61 | Inverse Equities, Leveraged Equities | CONY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.81 | — | — | 52 | Inverse Equities | CONY vs SMST | |
| ProShares Short Bitcoin ETF | -0.78 | — | — | 61 | Cryptocurrency | CONY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.78 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CONY vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.78 | — | — | 75 | Derivative Income | CONY 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 CONY, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.07 | -0.07 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.20 | -0.12 | -0.12 | 56 | Utilities | |
| The Coca-Cola Company | -0.17 | -0.09 | -0.09 | 90 | Consumer Defensive | |
| Johnson & Johnson | -0.17 | -0.10 | -0.10 | 97 | Healthcare | |
| PepsiCo, Inc. | -0.16 | -0.08 | -0.08 | 50 | Consumer Defensive |
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