Looking to balance out your exposure to CMG? The ETFs below have historically moved differently from CMG, 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 CMG
234 ETFs have low correlation with CMG (below 0.3), 17 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.19, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.19 | -0.10 | -0.03 | 55 | Oil & Gas | CMG vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.05 | 0.01 | 72 | Commodities | CMG vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.05 | 0.02 | 71 | Commodities | CMG vs DBC | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.13 | -0.02 | 0.05 | 75 | Commodities | CMG vs BCD | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.07 | 0.02 | 0.13 | 58 | Energy Equities | CMG vs XOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMG, 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 EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.08 | -0.01 | 0.06 | 72 | Energy | |
| Devon Energy Corporation | -0.08 | -0.00 | 0.09 | 76 | Energy | |
| Diamondback Energy, Inc. | -0.08 | -0.01 | 0.09 | 79 | Energy | |
| Micron Technology, Inc. | -0.06 | 0.11 | 0.22 | 99 | Technology | |
| BP p.l.c. | -0.06 | -0.00 | 0.07 | 84 | Energy |
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