Looking to diversify beyond GDOC? The ETFs below have the lowest correlation with GDOC — 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 GDOC.
Best Diversifiers for GDOC
693 ETFs have low correlation with GDOC (below 0.3), 50 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.31 | -0.17 | — | 72 | Oil & Gas | GDOC vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.15 | — | 75 | Leveraged Currency | GDOC vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.28 | -0.11 | — | 51 | Commodities | GDOC vs PDBC | |
| VanEck Commodity Strategy ETF | -0.23 | -0.09 | — | 69 | Commodities | GDOC vs PIT | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.22 | -0.08 | 0.03 | 65 | Commodities | GDOC vs SDCI |
See all 2053 diversifiers for GDOC
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