Looking to diversify beyond CGMS? The ETFs below have historically moved differently from CGMS, 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 CGMS
275 ETFs have low correlation with CGMS (below 0.3), 103 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.42 | -0.17 | — | 72 | Oil & Gas | CGMS vs DBE | |
| United States Brent Oil Fund LP | -0.41 | -0.16 | — | 52 | Oil & Gas | CGMS vs BNO | |
| United States Oil Fund LP | -0.40 | -0.16 | — | 55 | Oil & Gas | CGMS vs USO | |
| Invesco DB Oil Fund | -0.40 | -0.15 | — | 58 | Oil & Gas | CGMS vs DBO | |
| ProShares UltraShort Yen | -0.38 | -0.37 | — | 56 | Leveraged Currency | CGMS vs YCS |
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