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
439 ETFs have low correlation with GDE (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.19 | — | 61 | Leveraged Currency | GDE vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 98 | Inflation-Protected Bonds | GDE vs RBIL | |
| United States Brent Oil Fund LP | -0.16 | 0.06 | — | 65 | Oil & Gas | GDE vs BNO | |
| Invesco DB Energy Fund | -0.15 | 0.06 | — | 71 | Oil & Gas | GDE vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.13 | — | — | 56 | Derivative Income | GDE vs USOY |
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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 -0.12, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.01 | 0.09 | 69 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.03 | 0.17 | 0.25 | 85 | Energy | |
| Western Midstream Partners, LP | -0.03 | 0.18 | 0.26 | 76 | Energy | |
| Verizon Communications Inc. | -0.03 | 0.08 | 0.14 | 59 | Communication Services | |
| Energy Transfer LP | -0.02 | 0.19 | 0.25 | 69 | Energy |
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