Looking to diversify beyond CGW? The ETFs below have historically moved differently from CGW, 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 CGW
289 ETFs have low correlation with CGW (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.18 | -0.01 | 66 | Oil & Gas | CGW vs DBE | |
| Invesco DB Oil Fund | -0.40 | -0.16 | -0.00 | 51 | Oil & Gas | CGW vs DBO | |
| United States Gasoline Fund, LP | -0.37 | -0.14 | -0.00 | 83 | Oil & Gas | CGW vs UGA | |
| ProShares UltraShort Yen | -0.35 | -0.23 | -0.20 | 59 | Leveraged Currency | CGW vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.31 | -0.08 | 0.05 | 61 | Commodities | CGW vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CGW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.17, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.17 | 0.08 | 0.18 | 68 | Energy | |
| Transocean Ltd. | 0.07 | 0.23 | 0.26 | 82 | Energy | |
| The Charles Schwab Corporation | 0.15 | 0.36 | 0.42 | 58 | Financial Services | |
| Perpetua Resources Corp | 0.25 | 0.28 | 0.29 | 57 | Basic Materials | |
| Apple Inc | 0.27 | 0.30 | 0.45 | 90 | Technology |
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