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
220 ETFs have low correlation with CMG (below 0.3), 13 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.46 | -0.46 | -0.46 | 99 | Leveraged Equities, Semiconductors | CMG vs MUU | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.05 | 0.02 | 55 | Commodities | CMG vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.17 | -0.04 | 0.03 | 54 | Commodities | CMG vs DBC | |
| Invesco DB US Dollar Index Bullish Fund | -0.15 | -0.07 | -0.15 | 51 | Currency | CMG vs UUP | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.12 | -0.02 | 0.06 | 56 | 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 EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.08 | -0.02 | 0.06 | 63 | Energy | |
| Devon Energy Corporation | -0.06 | 0.01 | 0.09 | 72 | Energy | |
| Diamondback Energy, Inc. | -0.06 | -0.00 | 0.10 | 77 | Energy | |
| Micron Technology, Inc. | -0.06 | 0.11 | 0.22 | 99 | Technology | |
| Lumentum Holdings Inc. | -0.06 | 0.15 | 0.25 | 99 | Technology |
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Build a portfolio that complements CMG
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