Looking to diversify beyond CGNG? The ETFs below have the lowest correlation with CGNG — 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 CGNG.
Best Diversifiers for CGNG
343 ETFs have low correlation with CGNG (below 0.3), 59 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | -0.41 | -0.41 | 53 | Inverse Equities | CGNG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.40 | — | 60 | Inverse Equities, Leveraged Equities | CGNG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | -0.41 | -0.41 | 65 | Derivative Income | CGNG vs WNTR | |
| ProShares UltraShort Yen | -0.25 | -0.10 | -0.10 | 75 | Leveraged Currency | CGNG vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | — | — | 51 | Multistrategy | CGNG vs RSBY |
See all 2056 diversifiers for CGNG
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