Looking to diversify beyond CHGX? The ETFs below have the lowest correlation with CHGX — 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 CHGX.
Best Diversifiers for CHGX
361 ETFs have low correlation with CHGX (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.11 | 0.05 | 71 | Oil & Gas | CHGX vs DBE | |
| United States Oil Fund LP | -0.30 | -0.11 | 0.04 | 66 | Oil & Gas | CHGX vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.10 | 0.04 | 65 | Oil & Gas | CHGX vs BNO | |
| United States Gasoline Fund LP | -0.28 | -0.09 | 0.04 | 69 | Oil & Gas | CHGX vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.08 | 0.06 | 55 | Oil & Gas | CHGX vs OILK |
See all 2112 diversifiers for CHGX
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