Looking to diversify beyond CGDG? The ETFs below have historically moved differently from CGDG, 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 CGDG
251 ETFs have low correlation with CGDG (below 0.3), 44 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.31, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | -0.33 | -0.33 | 63 | Derivative Income | CGDG vs WNTR | |
| ProShares UltraShort Yen | -0.31 | -0.21 | -0.21 | 59 | Leveraged Currency | CGDG vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.07 | -0.07 | 53 | Oil & Gas | CGDG vs DBE | |
| United States Gasoline Fund, LP | -0.24 | — | — | 74 | Oil & Gas | CGDG vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | 0.03 | 0.03 | 50 | Commodities | CGDG vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CGDG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.10 | 0.21 | 0.21 | 86 | Consumer Defensive | |
| AbbVie Inc. | 0.19 | 0.31 | 0.31 | 73 | Healthcare | |
| Berkshire Hathaway Inc. | 0.20 | 0.41 | 0.41 | 67 | Financial Services | |
| NVIDIA Corporation | 0.30 | — | — | 59 | Technology | |
| POET Technologies Inc | 0.30 | — | — | 63 | Technology |
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