Looking to balance out your exposure to CSAN? The ETFs below have the lowest correlation with CSAN — they tend to move on their own, which can help reduce risk when CSAN drops. The stock ideas table highlights individual companies that behave independently from CSAN.
Best Diversifiers for CSAN
0 ETFs have low correlation with CSAN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.36, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.36 | 0.30 | 0.31 | 70 | S&P 500 | CSAN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.30 | 0.31 | 70 | S&P 500 | CSAN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSAN and solid risk/return profiles. The least correlated is Fluence Energy, Inc. (FLNC) (Utilities) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fluence Energy, Inc. | 0.22 | 0.25 | — | 92 | Utilities |
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