Looking to diversify beyond CGHM? The ETFs below have historically moved differently from CGHM, 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 CGHM
1724 ETFs have low correlation with CGHM (below 0.3), 102 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | — | — | 53 | Oil & Gas | CGHM vs DBE | |
| United States Gasoline Fund, LP | -0.33 | — | — | 74 | Oil & Gas | CGHM vs UGA | |
| Bastion Energy ETF | -0.32 | — | — | 84 | Energy Equities | CGHM vs BESF | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.22 | -0.22 | 50 | Commodities | CGHM vs GSG | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.30 | -0.18 | -0.18 | 50 | Energy Equities | CGHM vs XOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CGHM, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.14, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.14 | 0.08 | 0.08 | 77 | Healthcare |
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