Looking to balance out your exposure to CGAU? The ETFs below have the lowest correlation with CGAU — they tend to move on their own, which can help reduce risk when CGAU drops. The stock ideas table highlights individual companies that behave independently from CGAU.
Best Diversifiers for CGAU
2 ETFs have low correlation with CGAU (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 1-3 Year Treasury Bond ETF (SHY) (Government Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 1-3 Year Treasury Bond ETF | 0.28 | 0.23 | 0.24 | 72 | Government Bonds, Short-Term Bond | CGAU vs SHY | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.29 | 0.27 | 0.28 | 69 | Corporate Bonds | CGAU vs IGSB | |
| ProShares Ultra Nasdaq Biotechnology | 0.32 | 0.26 | 0.23 | 80 | Leveraged Equities | CGAU vs BIB | |
| WisdomTree Japan Hedged Equity Fund | 0.32 | 0.18 | 0.17 | 90 | Japan Equities | CGAU vs DXJ | |
| Federated Hermes Short Duration High Yield ETF | 0.33 | 0.25 | — | 80 | High Yield Bonds | CGAU vs FHYS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGAU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGAU and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.11, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.11 | 0.04 | 0.14 | 72 | Energy | |
| HCI Group, Inc. | 0.11 | 0.11 | 0.10 | 56 | Financial Services | |
| BW LPG Limited | 0.11 | 0.15 | 0.11 | 86 | Industrials | |
| American Express Company | 0.12 | 0.11 | 0.18 | 56 | Financial Services | |
| Hafnia Limited | 0.13 | — | — | 80 | Industrials |
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Build a portfolio that complements CGAU
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