Looking to diversify beyond CGIE? The ETFs below have historically moved differently from CGIE, 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 CGIE
293 ETFs have low correlation with CGIE (below 0.3), 84 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | — | — | 51 | Cryptocurrency | CGIE vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | -0.40 | -0.40 | 69 | Derivative Income | CGIE vs WNTR | |
| ProShares UltraShort Yen | -0.36 | — | — | 59 | Leveraged Currency | CGIE vs YCS | |
| Invesco DB Energy Fund | -0.36 | -0.14 | -0.14 | 66 | Oil & Gas | CGIE vs DBE | |
| United States Gasoline Fund, LP | -0.31 | — | — | 83 | Oil & Gas | CGIE 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 CGIE, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.06, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.27 | 0.27 | 61 | Financial Services | |
| NVIDIA Corporation | 0.44 | 0.44 | 0.44 | 61 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.59 | 0.57 | 0.57 | 88 | Technology | |
| ASML Holding N.V. | 0.69 | 0.65 | 0.65 | 96 | Technology |
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