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
222 ETFs have low correlation with CGMS (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.36 | — | 75 | Leveraged Currency | CGMS vs YCS | |
| United States Gasoline Fund LP | -0.37 | -0.13 | -0.09 | 72 | Oil & Gas | CGMS vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.30 | -0.06 | -0.01 | 51 | Commodities | CGMS vs PDBC | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.24 | — | 60 | Inverse Equities, Leveraged Equities | CGMS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | -0.25 | -0.25 | 53 | Inverse Equities | CGMS vs SMST |
See all 2061 diversifiers for CGMS
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CGMS
Add CGMS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CGMS