Looking to diversify beyond CGBL? The ETFs below have the lowest correlation with CGBL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CGBL.
Best Diversifiers for CGBL
252 ETFs have low correlation with CGBL (below 0.3), 73 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | -0.36 | 57 | Cryptocurrency | CGBL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CGBL vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.45 | -0.45 | 60 | Inverse Equities | CGBL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.44 | -0.44 | 68 | Inverse Equities, Leveraged Equities | CGBL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | CGBL vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGBL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.24 | — | — | 58 | Energy | |
| Berkshire Hathaway Inc. | 0.08 | — | — | 53 | Financial Services | |
| Apple Inc | 0.39 | — | — | 91 | Technology | |
| Arista Networks, Inc. | 0.49 | — | — | 79 | Technology | |
| United Rentals, Inc. | 0.55 | — | — | 70 | Industrials |
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