Looking to balance out your exposure to CG? The ETFs below have the lowest correlation with CG — they tend to move on their own, which can help reduce risk when CG drops. The stock ideas table highlights individual companies that behave independently from CG.
Best Diversifiers for CG
0 ETFs have low correlation with CG (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.37, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.37 | 0.46 | 0.55 | 96 | Semiconductors, Technology Equities | CG vs SMH | |
| iShares U.S. Technology ETF | 0.42 | 0.50 | 0.60 | 75 | Technology Equities | CG vs IYW | |
| Invesco QQQ ETF | 0.46 | 0.53 | 0.62 | 73 | Nasdaq-100 | CG vs QQQ | |
| First Trust NASDAQ Technology Dividend Index Fund | 0.48 | 0.54 | 0.62 | 83 | Technology Equities, Dividend | CG vs TDIV | |
| SPDR Portfolio High Yield Bond ETF | 0.49 | 0.52 | 0.60 | 62 | High Yield Bonds | CG vs SPHY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CG and solid risk/return profiles. The least correlated is CVS Health Corporation (CVS) (Healthcare) with a 1Y correlation of 0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CVS Health Corporation | 0.07 | 0.12 | 0.19 | 80 | Healthcare | |
| Palo Alto Networks, Inc. | 0.16 | 0.25 | 0.36 | 67 | Technology | |
| Advanced Micro Devices, Inc. | 0.16 | 0.31 | 0.39 | 98 | Technology | |
| NVIDIA Corporation | 0.18 | 0.33 | 0.46 | 78 | Technology | |
| Apple Inc | 0.22 | 0.28 | 0.42 | 89 | Technology |
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Build a portfolio that complements CG
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