Looking to diversify beyond GDOC? The ETFs below have historically moved differently from GDOC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GDOC
702 ETFs have low correlation with GDOC (below 0.3), 86 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.36 | -0.19 | — | 52 | Oil & Gas | GDOC vs BNO | |
| Invesco DB Energy Fund | -0.35 | -0.20 | — | 72 | Oil & Gas | GDOC vs DBE | |
| United States Oil Fund LP | -0.35 | -0.19 | — | 55 | Oil & Gas | GDOC vs USO | |
| Invesco DB Oil Fund | -0.34 | -0.18 | — | 58 | Oil & Gas | GDOC vs DBO | |
| United States Gasoline Fund LP | -0.33 | -0.18 | — | 87 | Oil & Gas | GDOC vs UGA |
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