Looking to diversify beyond CONY? The ETFs below have the lowest correlation with CONY — 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 CONY.
Best Diversifiers for CONY
628 ETFs have low correlation with CONY (below 0.3), 49 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 | -0.80 | — | — | 68 | Inverse Equities, Leveraged Equities | CONY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.79 | — | — | 60 | Inverse Equities | CONY vs SMST | |
| ProShares Short Bitcoin ETF | -0.77 | — | — | 57 | Cryptocurrency | CONY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.77 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | CONY vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.76 | — | — | 70 | Derivative Income | CONY vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CONY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CONY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.06 | -0.06 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.18 | -0.10 | -0.10 | 83 | Consumer Defensive | |
| Waste Management, Inc. | -0.16 | -0.06 | -0.06 | 53 | Industrials | |
| Duke Energy Corporation | -0.16 | -0.11 | -0.11 | 66 | Utilities | |
| Johnson & Johnson | -0.14 | -0.10 | -0.10 | 97 | Healthcare |
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