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27 Stocks and 73 ETFs for diversifying CGW (INVESCO S&P GLOBAL WATER INDEX ETF)

The least correlated asset to CGW (INVESCO S&P GLOBAL WATER INDEX ETF) is ETF EFZ (ProShares Short MSCI EAFE -1X Shares). The correlation is -0.8482.

Stocks that lowly correlated with CGW

SymbolName
Market cap
SectorIndustry
Correlation
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.64
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.61
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.60
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.57
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.54
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.53
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.52
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.50
JLHLJulong Holding Ltd - Class A$219MIndustrialsBuilding Products & Equipment-0.46
BDMDBaird Medical Investment Holdings Ltd .$34MHealthcareMedical Devices-0.45
NMAXNewsmax Inc Class B$1.09BCommunication ServicesBroadcasting-0.45
TVAIRThayer Ventures Acquisition Corporation II Rights$166KN/AN/A-0.44
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$65MFinancial ServicesShell Companies-0.44
RALRALSTON PURINA CO$7.56BTechnologyElectronic Components-0.44
WETOWetour Robotics Ltd$11MTechnologySoftware - Infrastructure-0.42
BCARBank of the Carolinas CORP$303MFinancial ServicesShell Companies-0.41
HMRSports Properties Acquisition Corp$65MIndustrialsMarine Shipping-0.41
SSEAUStarry Sea Acquisition Corp - Units (1 Ord Shs & 1/6 Rts)$19MFinancial ServicesShell Companies-0.40
RIBBRibbon Acquisition Corp$41MFinancial ServicesShell Companies-0.40
APADREnhanced Group Inc$6.67MN/AN/A-0.40
SHLTSHL Telemedicine Ltd ADR$39MHealthcareHealth Information Services-0.39
NYAXNayax Ltd$2.63BTechnologySoftware - Infrastructure-0.39
PNSkycorp Solar Group Ltd - Series A$91MTechnologySolar-0.39
UYSCUY Scuti Acquisition Corp$74MFinancial ServicesShell Companies-0.39
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.39
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.39
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.38

ETFs that lowly correlated with CGW

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.85
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.84
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.83
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.81
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.80
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.79
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.78
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.78
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.78
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.77
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.77
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.77
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.76
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.76
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.74
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.74
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.74
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.74
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.74
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.73
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.73
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.73
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.73
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.73
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.72
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.72
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.70
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.69
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.68
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.68
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.66
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.66
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.66
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.66
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.66
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.65
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.64
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.64
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.62
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.62
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.62
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.60
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.59
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.59
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.58
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.58
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.57
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.56
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.55
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.55
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.55
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.54
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.53
QCMUDirexion Daily QCOM Bull 2X ETF$30MN/AJun 24, 2025-0.53
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.52
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.51
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.51
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.50
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.50
WTIPWISDOMTREE INFLATION PLUS FUND $21M0.65%Jun 16, 2025-0.49
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $298M0.90%Dec 1, 2020-0.47
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.45
UUPInvesco DB US Dollar Index Bullish Fund$436M0.75%Feb 20, 2007-0.45
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.44
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.44
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.44
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.43
COYYGRANITESHARES YIELDBOOST COIN ETF $21M1.07%Jul 28, 2025-0.43
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.40
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.40
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.40
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.39
CSCLDirexion Daily CSCO Bull 2X ETF$16MN/AJun 24, 2025-0.39