Looking to diversify beyond CGCB? The ETFs below have historically moved differently from CGCB, 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 CGCB
852 ETFs have low correlation with CGCB (below 0.3), 114 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.27 | -0.27 | 66 | Oil & Gas | CGCB vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.25 | -0.25 | 51 | Oil & Gas | CGCB vs DBO | |
| ProShares UltraShort Yen | -0.42 | — | — | 59 | Leveraged Currency | CGCB vs YCS | |
| United States Gasoline Fund, LP | -0.40 | -0.25 | -0.25 | 83 | Oil & Gas | CGCB vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | -0.22 | -0.22 | 61 | Commodities | CGCB vs GSG |
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