Looking to diversify beyond GDE? The ETFs below have the lowest correlation with GDE — 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 GDE.
Best Diversifiers for GDE
414 ETFs have low correlation with GDE (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.28 | -0.33 | 53 | Cryptocurrency | GDE vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.36 | -0.36 | 56 | Inverse Equities | GDE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.34 | -0.34 | 65 | Inverse Equities, Leveraged Equities | GDE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | GDE vs WNTR | |
| ProShares UltraShort Yen | -0.21 | -0.19 | — | 72 | Leveraged Currency | GDE vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.03 | 0.07 | 78 | Consumer Defensive | |
| The Coca-Cola Company | -0.12 | 0.03 | 0.15 | 82 | Consumer Defensive | |
| Chubb Limited | -0.11 | 0.04 | 0.14 | 83 | Financial Services | |
| Devon Energy Corporation | -0.11 | 0.11 | 0.21 | 73 | Energy | |
| Chevron Corporation | -0.10 | 0.07 | 0.18 | 73 | Energy |
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Build a portfolio that complements GDE
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