Looking to balance out your exposure to CFG? The ETFs below have historically moved differently from CFG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CFG
1 ETFs have low correlation with CFG (below 0.3), 0 of which are negatively correlated. The least correlated is Freedom 100 Emerging Markets ETF (FRDM) (Emerging Markets Equities) with a 1Y correlation of 0.28, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Freedom 100 Emerging Markets ETF | 0.28 | 0.35 | 0.42 | 85 | Emerging Markets Equities | CFG vs FRDM | |
| Vanguard S&P 500 ETF | 0.46 | 0.48 | 0.56 | 68 | S&P 500 | CFG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.49 | 0.56 | 67 | S&P 500 | CFG vs SPY | |
| iShares Core S&P 500 ETF | 0.46 | 0.48 | 0.56 | 67 | S&P 500 | CFG vs IVV | |
| Schwab U.S. Dividend Equity ETF | 0.48 | 0.59 | 0.65 | 95 | Dividend | CFG vs SCHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CFG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.12 | -0.09 | 0.05 | 69 | Financial Services | |
| CF Industries Holdings, Inc. | -0.05 | 0.08 | 0.18 | 72 | Basic Materials | |
| Datadog, Inc. | -0.02 | 0.19 | 0.24 | 82 | Technology | |
| Apache Corporation | -0.02 | 0.22 | 0.34 | 90 | Energy | |
| ConocoPhillips Company | 0.01 | 0.19 | 0.29 | 72 | Energy |
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Build a portfolio that complements CFG
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