Looking to diversify beyond CGNG? The ETFs below have historically moved differently from CGNG, 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 CGNG
435 ETFs have low correlation with CGNG (below 0.3), 90 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 | -0.48 | — | — | 61 | Cryptocurrency | CGNG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | -0.42 | -0.42 | 55 | Cryptocurrency, Leveraged Cryptocurrency | CGNG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 52 | Inverse Equities | CGNG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | CGNG vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | -0.43 | -0.43 | 75 | Derivative Income | CGNG vs WNTR |
See all 2234 diversifiers for CGNG
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