Looking to diversify beyond GDMA? The ETFs below have the lowest correlation with GDMA — 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 GDMA.
Best Diversifiers for GDMA
468 ETFs have low correlation with GDMA (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.11 | -0.03 | 61 | Leveraged Currency | GDMA vs YCS | |
| United States Oil Fund LP | -0.13 | 0.02 | 0.14 | 66 | Oil & Gas | GDMA vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.13 | — | — | 56 | Derivative Income | GDMA vs USOY | |
| Invesco DB Energy Fund | -0.12 | 0.01 | 0.14 | 71 | Oil & Gas | GDMA vs DBE | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.04 | 0.02 | 100 | Ultrashort Bond | GDMA vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDMA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDMA and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.35, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.35 | 0.38 | 0.17 | 60 | Consumer Cyclical |
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