Looking to balance out your exposure to CGC? The ETFs below have the lowest correlation with CGC — they tend to move on their own, which can help reduce risk when CGC drops. The stock ideas table highlights individual companies that behave independently from CGC.
Best Diversifiers for CGC
1 ETFs have low correlation with CGC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Poland ETF (EPOL) (Europe Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Poland ETF | 0.19 | 0.20 | 0.27 | 55 | Europe Equities | CGC vs EPOL | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.32 | 0.39 | 70 | S&P 500 | CGC vs SPY | |
| iShares MSCI World ETF | 0.32 | 0.34 | 0.41 | 63 | Global Equities | CGC vs URTH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGC and solid risk/return profiles. The least correlated is Allianz SE ADR (ALIZY) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Allianz SE ADR | 0.14 | 0.16 | 0.20 | 56 | Financial Services | |
| NVIDIA Corporation | 0.14 | 0.17 | 0.29 | 78 | Technology | |
| ARMOUR Residential REIT, Inc. | 0.17 | 0.26 | 0.28 | 67 | Real Estate | |
| Apple Inc | 0.19 | 0.21 | 0.28 | 89 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.21 | 0.22 | 0.28 | 95 | Technology |
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