Looking to diversify beyond GDEC? The ETFs below have the lowest correlation with GDEC — 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 GDEC.
Best Diversifiers for GDEC
382 ETFs have low correlation with GDEC (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.09 | -0.09 | 71 | Oil & Gas | GDEC vs DBE | |
| United States Oil Fund LP | -0.31 | — | — | 66 | Oil & Gas | GDEC vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.07 | -0.07 | 65 | Oil & Gas | GDEC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | -0.08 | -0.08 | 56 | Derivative Income | GDEC vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.05 | -0.05 | 55 | Oil & Gas | GDEC vs OILK |
See all 2106 diversifiers for GDEC
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