Looking to balance out your exposure to GDEV? The ETFs below have the lowest correlation with GDEV — they tend to move on their own, which can help reduce risk when GDEV drops. The stock ideas table highlights individual companies that behave independently from GDEV.
Best Diversifiers for GDEV
2 ETFs have low correlation with GDEV (below 0.3), 1 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | -0.01 | 0.00 | 0.01 | 85 | Dividend | GDEV vs SCHD | |
| Vanguard S&P 500 ETF | 0.13 | 0.07 | 0.05 | 74 | S&P 500 | GDEV vs VOO |
Diversification Analysis
Build a portfolio that complements GDEV
Add GDEV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GDEV