Looking to diversify beyond CGCP? The ETFs below have historically moved differently from CGCP, 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 CGCP
453 ETFs have low correlation with CGCP (below 0.3), 110 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.24 | — | 72 | Oil & Gas | CGCP vs DBE | |
| ProShares UltraShort Yen | -0.45 | -0.44 | — | 56 | Leveraged Currency | CGCP vs YCS | |
| United States Brent Oil Fund LP | -0.45 | -0.23 | — | 52 | Oil & Gas | CGCP vs BNO | |
| United States Oil Fund LP | -0.45 | -0.23 | — | 55 | Oil & Gas | CGCP vs USO | |
| Invesco DB Oil Fund | -0.44 | -0.22 | — | 58 | Oil & Gas | CGCP vs DBO |
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