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
555 ETFs have low correlation with CONY (below 0.3), 36 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 | -0.11 | — | — | 99 | Ultrashort Bond | CONY vs CSHP | |
| Schwab Ultra-Short Income ETF | -0.09 | — | — | 99 | Ultrashort Bond | CONY vs SCUS | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | 0.03 | 0.03 | 100 | Government Bonds, Ultrashort Bond | CONY vs USFR | |
| Brookmont Catastrophic Bond ETF | -0.08 | -0.08 | -0.08 | 95 | Nontraditional Bonds | CONY vs ILS | |
| Franklin Liberty Systematic Style Premia ETF | -0.07 | -0.01 | -0.01 | 60 | Long-Short | CONY vs FLSP |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.21, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.21 | -0.10 | -0.10 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.18 | — | — | 70 | Consumer Defensive | |
| PepsiCo, Inc. | -0.16 | -0.09 | -0.09 | 59 | Consumer Defensive | |
| Johnson & Johnson | -0.16 | -0.10 | -0.10 | 95 | Healthcare | |
| Verizon Communications Inc. | -0.14 | -0.08 | -0.08 | 63 | Communication Services |
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