Looking to balance out your exposure to GAM? The ETFs below have the lowest correlation with GAM — they tend to move on their own, which can help reduce risk when GAM drops. The stock ideas table highlights individual companies that behave independently from GAM.
Best Diversifiers for GAM
7 ETFs have low correlation with GAM (below 0.3), 4 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.02 | 0.01 | 100 | Ultrashort Bond | GAM vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.05 | -0.00 | 100 | Government Bonds, Ultrashort Bond | GAM vs BIL | |
| VanEck Commodity Strategy ETF | -0.03 | 0.09 | — | 57 | Commodities | GAM vs PIT | |
| Breakwave Tanker Shipping ETF | -0.00 | 0.01 | — | 98 | Commodities | GAM vs BWET | |
| Simplify Currency Strategy ETF | 0.03 | — | — | 78 | Leveraged Currency | GAM vs FOXY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GAM and solid risk/return profiles. The least correlated is Itochu Corp ADR (ITOCY) (Industrials) with a 1Y correlation of 0.33, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Itochu Corp ADR | 0.33 | 0.39 | 0.41 | 51 | Industrials | |
| ASA Gold and Precious Metals Limited | 0.39 | 0.28 | 0.29 | 76 | Financial Services | |
| BlackRock Science and Technology Trust | 0.57 | 0.63 | 0.70 | 88 | Financial Services | |
| Central Securities Corp. | 0.59 | 0.65 | 0.72 | 78 | Financial Services | |
| Tri-Continental Corporation | 0.67 | 0.73 | 0.80 | 92 | Financial Services |
Build a portfolio that complements GAM
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