Looking to diversify beyond CGHY? The ETFs below have historically moved differently from CGHY, 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 CGHY
1 ETFs have low correlation with CGHY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares High Yield-Interest Rate Hedged (HYHG) (High Yield Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares High Yield-Interest Rate Hedged | 0.26 | 0.26 | 0.26 | 63 | High Yield Bonds | CGHY vs HYHG | |
| Pacer Aristotle Pacific Floating Rate High Income ... | 0.31 | — | — | 91 | Bank Loan | CGHY vs FLRT | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 0.42 | 0.41 | 0.41 | 92 | High Yield Bonds | CGHY vs HYZD | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 0.43 | — | — | 80 | High Yield Bonds | CGHY vs HYEM | |
| BrandywineGLOBAL - U.S. Fixed Income ETF | 0.49 | — | — | 60 | Actively Managed, Intermediate Core Bond | CGHY vs USFI |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CGHY
Add CGHY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CGHY