Looking to diversify beyond CMGG? The ETFs below have the lowest correlation with CMGG — 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 CMGG.
Best Diversifiers for CMGG
1430 ETFs have low correlation with CMGG (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.25 | -0.25 | 57 | Oil & Gas | CMGG vs DBE | |
| DoubleLine Commodity Strategy ETF | -0.19 | -0.19 | -0.19 | 52 | Commodities | CMGG vs DCMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.19 | -0.19 | 54 | Commodities | CMGG vs GSG | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.16 | -0.16 | -0.16 | 57 | Commodities | CMGG vs DJP | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.14 | -0.14 | -0.14 | 72 | Commodities | CMGG vs SDCI |
See all 2016 diversifiers for CMGG
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