Looking to diversify beyond GAVA? The ETFs below have historically moved differently from GAVA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GAVA
694 ETFs have low correlation with GAVA (below 0.3), 78 of which are negatively correlated. The least correlated is Fidelity MSCI Energy Index ETF (FENY) (Energy Equities) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | -0.30 | -0.30 | -0.30 | 76 | Energy Equities | GAVA vs FENY | |
| Direxion Daily Energy Bull 2X Shares | -0.30 | -0.30 | -0.30 | 71 | Energy Equities, Leveraged Equities | GAVA vs ERX | |
| KFA Mount Lucas Index Strategy ETF | -0.29 | -0.29 | -0.29 | 61 | Systematic Trend | GAVA vs KMLM | |
| First Trust Energy AlphaDEX Fund | -0.29 | -0.29 | -0.29 | 75 | Energy Equities | GAVA vs FXN | |
| USCF Midstream Energy Income Fund ETF | -0.28 | -0.28 | -0.28 | 83 | Energy Equities | GAVA vs UMI |
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