Looking to diversify beyond CGMS? The ETFs below have the lowest correlation with CGMS — 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 CGMS.
Best Diversifiers for CGMS
187 ETFs have low correlation with CGMS (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.36 | — | 61 | Leveraged Currency | CGMS vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.25 | — | — | 99 | Ultrashort Bond | CGMS vs CSHP | |
| VanEck Commodity Strategy ETF | -0.22 | -0.03 | — | 55 | Commodities | CGMS vs PIT | |
| Fidelity Managed Futures ETF | -0.21 | — | — | 64 | Systematic Trend | CGMS vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | -0.05 | -0.06 | 70 | Commodities | CGMS vs FAAR |
See all 2076 diversifiers for CGMS
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