25 Stocks and 75 ETFs for diversifying CNEQ (ALGER CONCENTRATED EQUITY ETF)
The least correlated asset to CNEQ (ALGER CONCENTRATED EQUITY ETF) is ETF CLIM (CLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF). The correlation is -0.9864.
Stocks that lowly correlated with CNEQ
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ED | Consolidated Edison Inc | $39B | Utilities | Utilities - Regulated Electric | -0.72 |
| PIRS | Pieris Pharmaceuticals Inc | $24M | N/A | N/A | -0.67 |
| ITI | Iteris Inc | $316M | N/A | N/A | -0.67 |
| SLGC | SomaLogic Inc - Class A | $393M | Healthcare | Health Information Services | -0.59 |
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.59 |
| GRCL | Gracell Biotechnologies Inc | $990M | Healthcare | Biotechnology | -0.59 |
| FRBN | Forbion European Acquisition Corp - Class A | $343M | Financial Services | Shell Companies | -0.59 |
| TWKS | Thoughtworks Holding Inc | $1.45B | N/A | N/A | -0.59 |
| BGS | B&G Foods Inc | $337M | Consumer Defensive | Packaged Foods | -0.59 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.58 |
| DM | Desktop Metal Inc - Class A | $165M | N/A | N/A | -0.58 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.58 |
| EXC | Exelon Corp | $47B | Utilities | Utilities - Regulated Electric | -0.57 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.55 |
| AACIW | Armada Acquisition Corp I - Warrants (13/08/2026) | $20M | N/A | N/A | -0.55 |
| AGI | Alamos Gold Inc - Class A | $16B | Basic Materials | Gold | -0.55 |
| VSTA | Vasta Platform Ltd Class A | $394M | Consumer Defensive | Education & Training Services | -0.53 |
| TAK | Takeda Pharmaceutical Company | $50B | Healthcare | Drug Manufacturers - Specialty & Generic | -0.53 |
| AVA | Avista Corp | $3.45B | Utilities | Utilities - Diversified | -0.52 |
| COKE | Coca-Cola Consolidated Inc | $13B | Consumer Defensive | Beverages - Non-alcoholic | -0.51 |
| CPSR | Gelesis Holdings Inc - Class A | $1.87B | N/A | N/A | -0.50 |
| AWK | American Water Works Co. Inc | $24B | Utilities | Utilities - Regulated Water | -0.50 |
| LND | Brasilagro Companhia Brasileira De Propriedade Agricola | $379M | Consumer Defensive | Farm Products | -0.50 |
| AGRO | Adecoagro S.A. | $890M | Consumer Defensive | Farm Products | -0.50 |
| STBX | Starbox Group Holdings Ltd | $1.14M | Communication Services | Internet Content & Information | -0.50 |