Looking to diversify beyond CEGX? The ETFs below have the lowest correlation with CEGX — 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 CEGX.
Best Diversifiers for CEGX
1 ETFs have low correlation with CEGX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.26 | — | — | 99 | Leveraged Equities | CEGX vs MUU | |
| Tradr 2X Long Triple Q Quarterly ETF | 0.42 | 0.42 | 0.42 | 62 | Leveraged Equities | CEGX vs QQQP | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.42 | 0.42 | 0.42 | 97 | Leveraged Equities, Semiconductors | CEGX vs SOXL | |
| Leverage Shares 2X Long TSM Daily ETF | 0.42 | — | — | 89 | Leveraged Equities | CEGX vs TSMG | |
| Innovator Growth Accelerated Plus ETF - April | 0.43 | 0.43 | 0.43 | 98 | Leveraged Equities | CEGX vs QTAP |
Diversification Analysis
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