Looking to diversify beyond GCAL? The ETFs below have the lowest correlation with GCAL — 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 GCAL.
Best Diversifiers for GCAL
1786 ETFs have low correlation with GCAL (below 0.3), 118 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.35 | -0.35 | 61 | Leveraged Currency | GCAL vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.19 | -0.19 | 71 | Commodities | GCAL vs GSG | |
| Invesco DB Energy Fund | -0.26 | -0.21 | -0.21 | 71 | Oil & Gas | GCAL vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.26 | — | — | 75 | Commodities | GCAL vs DBC | |
| United States Gasoline Fund LP | -0.26 | -0.18 | -0.18 | 69 | Oil & Gas | GCAL vs UGA |
See all 2106 diversifiers for GCAL
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Diversification Analysis
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