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
5 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 -0.08, roughly unchanged 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 | -0.08 | -0.01 | 0.01 | 100 | Ultrashort Bond | CSX vs SGOV | |
| F/m US Treasury 3 Month Bill ETF | 0.03 | 0.03 | — | 100 | Ultrashort Bond | CSX vs TBIL | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.13 | 0.09 | 0.13 | 94 | Corporate Bonds | CSX vs SPSB | |
| iShares MSCI Taiwan ETF | 0.23 | 0.25 | 0.33 | 95 | Taiwan Equities, Asia Pacific Equities | CSX vs EWT | |
| Invesco S&P 500 Momentum ETF | 0.27 | 0.30 | 0.44 | 68 | Momentum, S&P 500 | CSX vs SPMO |
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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 Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.03 | 0.11 | 0.20 | 82 | Technology | |
| Cboe Global Markets, Inc. | -0.02 | 0.00 | 0.14 | 59 | Financial Services | |
| CrowdStrike Holdings, Inc. | -0.01 | 0.12 | 0.20 | 75 | Technology | |
| Cheniere Energy, Inc. | -0.00 | 0.14 | 0.22 | 56 | Energy | |
| Broadcom Inc. | 0.02 | 0.11 | 0.27 | 73 | Technology |
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