Looking to diversify beyond CGCP? The ETFs below have the lowest correlation with CGCP — 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 CGCP.
Best Diversifiers for CGCP
397 ETFs have low correlation with CGCP (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.43 | -0.48 | 61 | Leveraged Currency | CGCP vs YCS | |
| Fidelity Managed Futures ETF | -0.28 | -0.29 | -0.29 | 64 | Systematic Trend | CGCP vs FFUT | |
| VanEck Commodity Strategy ETF | -0.28 | -0.10 | — | 55 | Commodities | CGCP vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.11 | -0.07 | 70 | Commodities | CGCP vs FAAR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.24 | -0.12 | — | 50 | Commodities | CGCP vs CERY |
See all 2076 diversifiers for CGCP
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