Looking to balance out your exposure to CGBD? The ETFs below have the lowest correlation with CGBD — they tend to move on their own, which can help reduce risk when CGBD drops. The stock ideas table highlights individual companies that behave independently from CGBD.
Best Diversifiers for CGBD
0 ETFs have low correlation with CGBD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.30, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.30 | 0.38 | 0.42 | 70 | S&P 500 | CGBD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.38 | 0.43 | 70 | S&P 500 | CGBD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGBD and solid risk/return profiles. The least correlated is Trinity Capital Inc. (TRIN) (Financial Services) with a 1Y correlation of 0.61, up from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Trinity Capital Inc. | 0.61 | 0.54 | 0.48 | 80 | Financial Services | |
| Capital Southwest Corporation | 0.64 | 0.59 | 0.61 | 76 | Financial Services |
Build a portfolio that complements CGBD
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