Looking to balance out your exposure to CSX? The ETFs below have the lowest correlation with CSX — they tend to move on their own, which can help reduce risk when CSX drops. The stock ideas table highlights individual companies that behave independently from CSX.
Best Diversifiers for CSX
4 ETFs have low correlation with CSX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.02 | 0.01 | 100 | Ultrashort Bond | CSX vs SGOV | |
| US Treasury 3 Month Bill ETF | 0.07 | 0.03 | — | 100 | Ultrashort Bond | CSX vs TBIL | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.10 | 0.09 | 0.13 | 92 | Corporate Bonds | CSX vs SPSB | |
| iShares Silver Trust | 0.10 | 0.08 | 0.13 | 51 | Silver, Precious Metals | CSX vs SLV | |
| Vanguard S&P 500 ETF | 0.37 | 0.42 | 0.54 | 74 | S&P 500 | CSX vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSX and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.06, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.06 | 0.12 | 0.27 | 61 | Technology | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.13 | 0.19 | 72 | Technology | |
| Fortinet, Inc. | -0.00 | 0.15 | 0.28 | 69 | Technology | |
| Chevron Corporation | 0.02 | 0.21 | 0.29 | 84 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.16 | 0.16 | 88 | Energy |
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