Looking to diversify beyond CGDV? The ETFs below have historically moved differently from CGDV, 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 CGDV
332 ETFs have low correlation with CGDV (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.33 | — | 51 | Cryptocurrency | CGDV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 69 | Derivative Income | CGDV vs WNTR | |
| Invesco DB Energy Fund | -0.26 | -0.05 | — | 66 | Oil & Gas | CGDV vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.06 | — | 98 | Inflation-Protected Bonds | CGDV vs IBIC | |
| United States Gasoline Fund, LP | -0.22 | -0.04 | 0.07 | 83 | Oil & Gas | CGDV vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CGDV, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.16, down from 0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.16 | 0.14 | — | 79 | Energy | |
| Altria Group, Inc. | -0.16 | 0.09 | 0.23 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.15 | 0.13 | 0.26 | 68 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.13 | — | 85 | Energy | |
| Chubb Limited | -0.13 | 0.14 | 0.29 | 87 | Financial Services |
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