Looking to diversify beyond CGDG? The ETFs below have the lowest correlation with CGDG — 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 CGDG.
Best Diversifiers for CGDG
258 ETFs have low correlation with CGDG (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.31 | -0.31 | 53 | Cryptocurrency | CGDG vs BITI | |
| ProShares UltraShort Yen | -0.35 | — | — | 72 | Leveraged Currency | CGDG vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 65 | Inverse Equities, Leveraged Equities | CGDG vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 56 | Inverse Equities | CGDG vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 70 | Derivative Income | CGDG vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGDG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGDG and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.28 | — | — | 70 | Technology | |
| POET Technologies Inc | 0.32 | 0.34 | 0.34 | 58 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.48 | — | — | 92 | Technology |
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