Looking to diversify beyond CGDV? The ETFs below have the lowest correlation with CGDV — 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 CGDV.
Best Diversifiers for CGDV
333 ETFs have low correlation with CGDV (below 0.3), 57 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 56 | Inverse Equities | CGDV vs SMST | |
| ProShares Short Bitcoin ETF | -0.41 | -0.33 | -0.35 | 53 | Cryptocurrency | CGDV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.39 | -0.39 | 65 | Inverse Equities, Leveraged Equities | CGDV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | CGDV vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.04 | — | 57 | Oil & Gas | CGDV vs DBE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CGDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CGDV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.09 | 0.23 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.14 | 0.07 | — | 57 | Communication Services | |
| Duke Energy Corporation | -0.13 | 0.08 | 0.21 | 65 | Utilities | |
| Chevron Corporation | -0.12 | 0.15 | — | 73 | Energy | |
| Chubb Limited | -0.11 | 0.15 | 0.30 | 83 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CGDV
Add CGDV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CGDV