Looking to balance out your exposure to CMG? The ETFs below have the lowest correlation with CMG — they tend to move on their own, which can help reduce risk when CMG drops. The stock ideas table highlights individual companies that behave independently from CMG.
Best Diversifiers for CMG
212 ETFs have low correlation with CMG (below 0.3), 16 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.19, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.19 | -0.07 | -0.00 | 54 | Leveraged Commodities | CMG vs UCO | |
| United States Oil Fund LP | -0.19 | -0.08 | -0.01 | 66 | Oil & Gas | CMG vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.16 | -0.03 | 0.04 | 75 | Commodities | CMG vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.16 | -0.04 | 0.03 | 74 | Commodities | CMG vs PDBC | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.11 | -0.00 | 0.07 | 71 | Commodities | CMG vs BCD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMG and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.11 | 0.03 | 0.07 | 86 | Energy | |
| Welltower Inc. | -0.10 | 0.05 | 0.15 | 79 | Real Estate | |
| Duke Energy Corporation | -0.08 | -0.05 | 0.01 | 53 | Utilities | |
| Altria Group, Inc. | -0.06 | 0.00 | 0.04 | 69 | Consumer Defensive | |
| British American Tobacco p.l.c. | -0.06 | 0.01 | 0.06 | 77 | Consumer Defensive |
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Build a portfolio that complements CMG
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