Looking to diversify beyond GDMN? The ETFs below have the lowest correlation with GDMN — 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 GDMN.
Best Diversifiers for GDMN
660 ETFs have low correlation with GDMN (below 0.3), 31 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.27, roughly unchanged from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.18 | — | 60 | Inverse Equities, Leveraged Equities | GDMN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.20 | -0.20 | 53 | Inverse Equities | GDMN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | -0.17 | — | 65 | Derivative Income | GDMN vs WNTR | |
| ProShares UltraShort Yen | -0.23 | -0.27 | — | 75 | Leveraged Currency | GDMN vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | GDMN vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDMN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.02 | 0.07 | 79 | Consumer Defensive | |
| Chevron Corporation | -0.07 | 0.06 | — | 67 | Energy | |
| Verizon Communications Inc. | -0.03 | 0.10 | — | 54 | Communication Services | |
| The Coca-Cola Company | -0.03 | 0.06 | — | 82 | Consumer Defensive | |
| Target Corporation | 0.01 | 0.06 | 0.10 | 75 | Consumer Defensive |
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