Looking to diversify beyond CVNX? The ETFs below have the lowest correlation with CVNX — 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 CVNX.
Best Diversifiers for CVNX
844 ETFs have low correlation with CVNX (below 0.3), 97 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.26, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.25 | -0.25 | 53 | Inverse Equities | CVNX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | -0.25 | -0.25 | 60 | Inverse Equities, Leveraged Equities | CVNX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 65 | Derivative Income | CVNX vs WNTR | |
| United States Gasoline Fund LP | -0.20 | — | — | 72 | Oil & Gas | CVNX vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | — | — | 67 | Commodities | CVNX vs FAAR |
See all 2056 diversifiers for CVNX
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