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40 Stocks and 60 ETFs for diversifying Cenovus Energy (CVE)

The least correlated asset to Cenovus Energy (CVE) is ETF DUG (ProShares UltraShort Energy). The correlation is -0.8194.

Stocks that lowly correlated with CVE

SymbolName
Market cap
SectorIndustry
Correlation
GRANGrande Group Ltd - Class A$35MFinancial ServicesCapital Markets-0.80
TWFGTWFG Inc - Class A$380MFinancial ServicesInsurance Brokers-0.63
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.62
THHTryHard Holdings Ltd$12MIndustrialsSpecialty Business Services-0.60
OTFBlue Owl Technology Finance Corp$4.79BFinancial ServicesAsset Management-0.59
WTGWintergreen Acquisition Corp$58MFinancial ServicesShell Companies-0.59
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.58
SIShoulder Innovations Inc$452MN/AN/A-0.57
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.56
ZSPCZspace Inc$2.96MTechnologyComputer Hardware-0.55
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.53
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.53
BMHLBluemount Holdings Ltd$146MFinancial ServicesCapital Markets-0.52
IBGInnovation Beverage Group Ltd$1.60MConsumer DefensiveBeverages - Wineries & Distilleries-0.52
NIQNIQ Global Intelligence plc$3.24BN/AN/A-0.51
PGACPantages Capital Acquisition Corp Cl A Ord Shs$118MFinancial ServicesShell Companies-0.50
NSRXNasus Pharma Ltd$28MHealthcareDrug Manufacturers - General-0.50
CHAChagee Holdings Ltd$1.84BConsumer CyclicalRestaurants-0.50
DXSTDecent Holding Inc$1.65MIndustrialsWaste Management-0.48
RALRALSTON PURINA CO$7.56BTechnologyElectronic Components-0.48
CAICaris Life Sciences Inc - Class A$4.94BHealthcareBiotechnology-0.48
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A-0.48
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.48
LOARLoar Holdings Inc$6.61BIndustrialsAerospace & Defense-0.47
CUPRCuprina Holdings (Cayman) Ltd - Class A$11MHealthcareMedical Instruments & Supplies-0.47
BEAGRBold Eagle Acquisition Corp Right$1.50MN/AN/A-0.47
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A-0.46
LGPSLogProstyle Inc$26MIndustrialsConglomerates-0.46
MASK3 E Network Technology Group Ltd - Class A$1.60MTechnologySoftware - Application-0.46
TTANServiceTitan Inc - Class A$7.44BTechnologySoftware - Application-0.46
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.45
DGNXDiginex Ltd$28MIndustrialsConsulting Services-0.45
BYAHPark Ha Biological Technology Co Ltd$917KConsumer DefensiveHousehold & Personal Products-0.45
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.44
SDHIRSiddhi Acquisition Corp$1.13MN/AN/A-0.44
BACCBlue Acquisition Corp - Class A$214MFinancial ServicesShell Companies-0.43
AACTAres Acquisition Corporation II - Class A$588MFinancial ServicesShell Companies-0.43
MITPAG Mortgage Investment Trust Inc$800MN/AN/A-0.43
EURKUEureka Acquisition Corp - Units (1 Ord Class A & 1 Rts)$53MFinancial ServicesShell Companies-0.42
CHPGUChampionsGate Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.42

ETFs that lowly correlated with CVE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.82
OILDBank of Montreal$53MN/ANov 8, 2021-0.80
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.80
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.76
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.72
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.69
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.68
DVXVWEBs Defined Volatility XLV ETF$480K0.89%Jul 22, 2025-0.67
HOOWROUNDHILL HOOD WEEKLYPAY ETF $146MN/AJun 17, 2025-0.65
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, 2025-0.63
AALGLEVERAGE SHARES 2X LONG AAL DAILY ETF $5.30MN/AJul 10, 2025-0.63
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.61
DVXFWEBs Defined Volatility XLF ETF$251K0.89%Jul 22, 2025-0.60
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.58
XLFISTATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $5.80M0.35%Jul 29, 2025-0.57
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.56
TFNST. ROWE PRICE FINANCIALS ETF $14M0.44%Jun 11, 2025-0.56
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.55
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.54
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.54
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.54
HOOYYIELDMAX(R) HOOD OPTION INCOME STRATEGY ETF $133M0.99%May 7, 2025-0.54
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.52
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.51
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.51
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.51
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.50
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.49
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.48
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.48
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.48
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.47
SCHQSCHWAB LONG-TERM U.S. TREASURY ETF $759M0.03%Oct 9, 2019-0.47
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.47
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.46
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.46
BASVBROWN ADVISORY SUSTAINABLE VALUE ETF $408M0.71%Jun 13, 2025-0.46
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.45
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.45
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.45
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.44
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.44
SCOWPACER S&P SMALLCAP 600 QUALITY FCF ARISTOCRATS ETF $1.60M0.59%Aug 27, 2025-0.44
IBTHISHARES IBONDS DEC 2027 TERM TREASURY ETF $2.20B0.07%Feb 25, 2020-0.44
IBTKISHARES IBONDS DEC 2030 TERM TREASURY ETF $896M0.07%Jul 14, 2020-0.43
BUXXSTRIVE ENHANCED INCOME SHORT MATURITY ETF $477M0.26%Aug 9, 2023-0.43
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.43
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.43
MTRAINVESCO INTERNATIONAL GROWTH FOCUS ETF $148M0.54%Jun 11, 2025-0.43
BBSBJPMORGAN BETABUILDERS U.S. TREASURY BOND 1-3 YEAR ETF $55M0.04%Apr 19, 2023-0.43
RWRAINWATER EQUITY ETF $18M1.27%Jun 17, 2025-0.43
GOVTISHARES U.S. TREASURY BOND ETF $44B0.05%Feb 14, 2012-0.43
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.43
FFOXFUNDX FUTURE FUND OPPORTUNITIES ETF $240M1.02%Jun 9, 2025-0.42
UPSXTRADR 2X LONG UPST DAILY ETF $33MN/AJun 9, 2025-0.42
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.42
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.42
OBILF/M US TREASURY 12 MONTH BILL ETF $301M0.15%Nov 14, 2022-0.42
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.42
GOVIINVESCO EQUAL WEIGHT 0-30 YEAR TREASURY ETF $1.20B0.15%Oct 11, 2007-0.42