Looking to diversify beyond GEM? The ETFs below have the lowest correlation with GEM — 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 GEM.
Best Diversifiers for GEM
417 ETFs have low correlation with GEM (below 0.3), 68 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.32 | -0.35 | 57 | Cryptocurrency | GEM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GEM vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.42 | -0.46 | 51 | Currency | GEM vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 53 | Inverse Equities | GEM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | GEM vs MSTZ |
See all 2060 diversifiers for GEM
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