Looking to balance out your exposure to CGAU? The ETFs below have historically moved differently from CGAU, 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 CGAU
5 ETFs have low correlation with CGAU (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.07, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.07 | 0.06 | 0.17 | 75 | Energy Equities | CGAU vs XLE | |
| Vanguard Energy ETF | -0.05 | 0.08 | 0.18 | 76 | Energy Equities | CGAU vs VDE | |
| iShares 1-3 Year Treasury Bond ETF | 0.26 | 0.22 | 0.24 | 83 | Government Bonds, Short-Term Bond | CGAU vs SHY | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.28 | 0.25 | 0.28 | 72 | Corporate Bonds, Investment Grade Bonds | CGAU vs IGSB | |
| Federated Hermes Short Duration High Yield ETF | 0.29 | 0.24 | — | 84 | High Yield Bonds | CGAU vs FHYS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CGAU, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.11 | 0.03 | 0.13 | 85 | Energy | |
| Skyward Specialty Insurance Group Inc. Common Stoc... | -0.06 | 0.07 | 0.06 | 64 | Financial Services | |
| AXIS Capital Holdings Limited | -0.05 | 0.02 | 0.08 | 64 | Financial Services | |
| HCI Group, Inc. | 0.09 | 0.11 | 0.10 | 68 | Financial Services | |
| BW LPG Limited | 0.11 | 0.14 | 0.10 | 89 | Industrials |
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