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14 Stocks and 86 ETFs for diversifying Canadian Natural Resources (CNQ)

The least correlated asset to Canadian Natural Resources (CNQ) is ETF DUG (ProShares UltraShort Energy). The correlation is -0.8697.

Stocks that lowly correlated with CNQ

SymbolName
Market cap
SectorIndustry
Correlation
CAICaris Life Sciences Inc - Class A$4.94BHealthcareBiotechnology-0.66
NSRXNasus Pharma Ltd$28MHealthcareDrug Manufacturers - General-0.64
LHSWLianhe Sowell International Group Ltd$7.03MTechnologySoftware - Infrastructure-0.63
BACQBleichroeder Acquisition Corp I - Class A$545MFinancial ServicesShell Companies-0.59
GRANGrande Group Ltd - Class A$35MFinancial ServicesCapital Markets-0.58
SPMCSound Point Meridian Capital Inc$213MFinancial ServicesAsset Management-0.58
HSPTUHorizon Space Acquisition II Corp - Unit (1 Ordinary share & 1 Rts)$11MFinancial ServicesShell Companies-0.57
CTWOCOtwo Advisors Physical European Carbon Allowance Trust$1.85MN/AN/A-0.56
BULLWebull Corporation$3.05BTechnologySoftware - Application-0.55
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.55
IOTRiOThree Ltd$13MCommunication ServicesTelecom Services-0.54
IBGInnovation Beverage Group Ltd$1.60MConsumer DefensiveBeverages - Wineries & Distilleries-0.53
THHTryHard Holdings Ltd$12MIndustrialsSpecialty Business Services-0.52
CCTGCCSC Technology International Holdings Ltd - Class A$1.03MIndustrialsElectrical Equipment & Parts-0.51

ETFs that lowly correlated with CNQ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.87
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.82
OILDBank of Montreal$53MN/ANov 8, 2021-0.81
XLFISTATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $5.80M0.35%Jul 29, 2025-0.79
HBDCHilton BDC Corporate Bond ETF$84M0.39%Jun 10, 2025-0.79
HOOWROUNDHILL HOOD WEEKLYPAY ETF $146MN/AJun 17, 2025-0.77
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.76
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.75
TFNST. ROWE PRICE FINANCIALS ETF $14M0.44%Jun 11, 2025-0.74
AALGLEVERAGE SHARES 2X LONG AAL DAILY ETF $5.30MN/AJul 10, 2025-0.74
BASVBROWN ADVISORY SUSTAINABLE VALUE ETF $408M0.71%Jun 13, 2025-0.74
DVXFWEBs Defined Volatility XLF ETF$251K0.89%Jul 22, 2025-0.72
BASGBROWN ADVISORY SUSTAINABLE GROWTH ETF $494M0.61%Jun 13, 2025-0.72
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.71
MCOWPACER S&P MIDCAP 400 QUALITY FCF ARISTOCRATS ETF $1.10M0.49%Aug 27, 2025-0.71
MTRAINVESCO INTERNATIONAL GROWTH FOCUS ETF $148M0.54%Jun 11, 2025-0.70
FFOXFUNDX FUTURE FUND OPPORTUNITIES ETF $240M1.02%Jun 9, 2025-0.68
LCOWPACER S&P 500 QUALITY FCF ARISTOCRATS ETF $26M0.49%May 6, 2025-0.67
RWRAINWATER EQUITY ETF $18M1.27%Jun 17, 2025-0.67
ESUMEventide US Market ETF$178M0.39%Dec 17, 2024-0.66
HOOYYIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF $133M0.99%May 7, 2025-0.65
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.65
CGGGCAPITAL GROUP U.S. LARGE GROWTH ETF SHARE CLASS$81M0.39%Jun 24, 2025-0.63
SCOWPACER S&P SMALLCAP 600 QUALITY FCF ARISTOCRATS ETF $1.60M0.59%Aug 27, 2025-0.62
BUFXFT Vest Laddered Enhance & Moderate Buffer ETF$14M0.96%Jun 24, 2025-0.62
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.61
JHLNJOHN HANCOCK GLOBAL SENIOR LOAN ETF $633M0.59%Aug 19, 2025-0.60
BUFHFT Vest Laddered Max Buffer ETF$55M0.95%Jun 24, 2025-0.60
BULGLEVERAGE SHARES 2X LONG BULL DAILY ETF $5.20MN/AAug 8, 2025-0.59
FGSIFT VEST GROWTH STRENGTH & TARGET INCOME ETF $3M0.85%Jun 25, 2025-0.59
TGLBT. ROWE PRICE GLOBAL EQUITY ETF $23M0.46%Jun 25, 2025-0.59
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.58
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.58
XLYISTATE STREET(R) CONSUMER DISCRETIONARY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $2.10M0.35%Jul 29, 2025-0.58
BLUXBLUEMONTE DYNAMIC TOTAL MARKET ETF $568M0.25%Jun 20, 2025-0.58
SPYATwin Oak Endure ETF$132M0.49%Jun 2, 2025-0.58
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.57
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.57
CTIFCASTELLAN TARGETED INCOME ETF $183M0.45%Jun 24, 2025-0.57
BLUCBLUEMONTE LARGE CAP CORE ETF $334M0.23%Jun 20, 2025-0.56
BLGRBLUEMONTE LARGE CAP GROWTH ETF $275M0.24%Jun 20, 2025-0.56
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.56
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.56
SFTYHORIZON MANAGED RISK ETF $495M0.77%Jun 25, 2025-0.56
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.56
ABIGARGENT LARGE CAP ETF $56M0.49%Apr 8, 2025-0.55
STOXHORIZON CORE EQUITY ETF $156M0.70%Jun 25, 2025-0.55
DDTLInnovator Equity Dual Directional 10 Buffer ETF July$58M0.79%Jun 30, 2025-0.55
MSFWROUNDHILL MSFT WEEKLYPAY ETF $27MN/AJul 23, 2025-0.55
EXUSMACQUARIE FOCUSED INTERNATIONAL CORE ETF $95M0.59%Jun 17, 2025-0.54
XLVISTATE STREET(R) HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)HEALTH CARE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$16M0.35%Jul 29, 2025-0.54
BSJXInvesco BulletShares 2033 High Yield Corporate Bond ETF$20M0.42%Jun 11, 2025-0.54
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.54
RGLORUSSELL INVESTMENTS GLOBAL EQUITY ETF $337M0.49%May 29, 2025-0.53
CAIECALAMOS AUTOCALLABLE INCOME ETF $1.10B0.74%Jun 24, 2025-0.53
UPSXTRADR 2X LONG UPST DAILY ETF $33MN/AJun 9, 2025-0.53
KMAYInnovator U.S. Small Cap Power Buffer ETF May$55M0.79%Apr 30, 2025-0.52
VGMSVANGUARD MULTI-SECTOR INCOME BOND ETF ETF SHARES$235M0.30%Jun 9, 2025-0.52
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.52
JPHYJPMORGAN ACTIVE HIGH YIELD ETF $2.20B0.45%Jun 24, 2025-0.52
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.52
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.52
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.52
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.52
LABXTRADR 2X LONG ALAB DAILY ETF $136MN/AAug 11, 2025-0.52
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.52
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.52
DDFLInnovator Equity Dual Directional 15 Buffer ETF July$70M0.79%Jun 30, 2025-0.51
JDVLJOHN HANCOCK DISCIPLINED VALUE SELECT ETF $880M0.56%Aug 5, 2025-0.51
KMLIKraneShares 2x Long MELI Daily ETF$8.80MN/AApr 4, 2025-0.51
ALILARGENT FOCUSED SMALL CAP ETF $27M0.74%Apr 8, 2025-0.51
JOYTJPMORGAN EQUITY AND OPTIONS TOTAL RETURN ETF $94M0.35%Aug 18, 2025-0.50
RUSCRUSSELL INVESTMENTS U.S. SMALL CAP EQUITY ETF $79M0.64%May 13, 2025-0.50
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.50
PMJLPGIM S&P 500 MAX BUFFER ETF - JULY $2.90M0.50%Jun 30, 2025-0.50
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.50
LITLSimplify Piper Sandler US SmallCap PLUS Income ETF$6.90M0.91%Apr 28, 2025-0.50
TEMTTRADR 2X LONG TEM DAILY ETF $56MN/AMay 12, 2025-0.50
ALRGALLSPRING LT LARGE CORE ETF $7.50M0.28%Jul 7, 2025-0.50
PMAUPGIM S&P 500 MAX BUFFER ETF - AUGUST $3.50M0.50%Jul 31, 2025-0.50
DVXYWEBs Defined Volatility XLY ETF$230K0.89%Jul 22, 2025-0.50
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.50
NUSBNUVEEN ULTRA SHORT INCOME ETF $157M0.17%Mar 5, 2024-0.50
CLCGCrossmark Large Cap Growth ETF$29M0.50%Jul 22, 2025-0.50
BFJLFT VEST BITCOIN STRATEGY FLOOR15 ETF - JULY $3.30M0.90%Jun 27, 2025-0.50
QBSFALLIANZIM U.S. EQUITY BUFFER15 ETF $36M0.64%Jun 30, 2025-0.50