Looking to balance out your exposure to CSX? The ETFs below have historically moved differently from CSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CSX
7 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 -0.09, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.00 | 0.01 | 100 | Ultrashort Bond | CSX vs SGOV | |
| F/m US Treasury 3 Month Bill ETF | 0.05 | 0.03 | — | 100 | Ultrashort Bond | CSX vs TBIL | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.09 | 0.09 | 0.12 | 95 | Corporate Bonds | CSX vs SPSB | |
| iShares MSCI Taiwan ETF | 0.22 | 0.24 | 0.32 | 89 | Taiwan Equities, Asia Pacific Equities | CSX vs EWT | |
| Vanguard S&P 500 ETF | 0.29 | 0.39 | 0.52 | 68 | S&P 500 | CSX vs VOO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.03 | 0.11 | 0.17 | 72 | Basic Materials | |
| Cboe Global Markets, Inc. | -0.03 | 0.01 | 0.14 | 69 | Financial Services | |
| Palo Alto Networks, Inc. | -0.02 | 0.11 | 0.20 | 88 | Technology | |
| CrowdStrike Holdings, Inc. | 0.00 | 0.12 | 0.20 | 80 | Technology | |
| Chevron Corporation | 0.01 | 0.21 | 0.28 | 80 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CSX
Add CSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CSX