Looking to balance out your exposure to CAG? The ETFs below have the lowest correlation with CAG — they tend to move on their own, which can help reduce risk when CAG drops. The stock ideas table highlights individual companies that behave independently from CAG.
Best Diversifiers for CAG
21 ETFs have low correlation with CAG (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.24, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.25 | -0.12 | -0.03 | 54 | Nasdaq-100 | CAG vs QQQM | |
| Invesco QQQ ETF | -0.24 | -0.12 | -0.03 | 53 | Nasdaq-100 | CAG vs QQQ | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -0.23 | — | — | 65 | Nasdaq-100, Dividend | CAG vs GPIQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.22 | -0.11 | — | 60 | Nasdaq-100, Derivative Income | CAG vs JEPQ | |
| State Street SPDR S&P 500 ETF | -0.13 | 0.01 | 0.10 | 65 | S&P 500 | CAG vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAG and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.32, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.32 | -0.21 | -0.10 | 67 | Technology | |
| Marvell Technology, Inc. | -0.29 | -0.20 | -0.12 | 91 | Technology | |
| Teradyne, Inc. | -0.23 | -0.11 | -0.06 | 96 | Technology | |
| Riot Platforms, Inc. | -0.18 | -0.06 | -0.03 | 65 | Technology | |
| Intel Corporation | -0.14 | -0.03 | 0.01 | 98 | Technology |
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