Looking to balance out your exposure to CGBD? The ETFs below have historically moved differently from CGBD, 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 CGBD
4 ETFs have low correlation with CGBD (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Calamos Autocallable Income ETF | 0.24 | — | — | 77 | Derivative Income | CGBD vs CAIE | |
| Calamos Laddered S&P 500 Structured Alt Protection... | 0.26 | — | — | 96 | Defined Outcome, S&P 500 | CGBD vs CPSL | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.37 | 0.42 | 78 | S&P 500 | CGBD vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.37 | 0.42 | 78 | S&P 500 | CGBD vs VOO | |
| JPMorgan Equity Premium Income ETF | 0.31 | 0.37 | 0.39 | 56 | Dividend, Derivative Income | CGBD vs JEPI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CGBD, 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.02, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.02 | 0.16 | 0.30 | 82 | Energy | |
| Capital Southwest Corporation | 0.61 | 0.58 | 0.61 | 72 | Financial Services | |
| Trinity Capital Inc. | 0.62 | 0.55 | 0.49 | 86 | Financial Services |
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