Looking to diversify beyond GEMD? The ETFs below have historically moved differently from GEMD, 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 GEMD
314 ETFs have low correlation with GEMD (below 0.3), 99 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.41, 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 | -0.41 | -0.19 | — | 52 | Oil & Gas | GEMD vs BNO | |
| United States Oil Fund LP | -0.41 | -0.19 | — | 55 | Oil & Gas | GEMD vs USO | |
| Invesco DB Energy Fund | -0.40 | -0.19 | — | 72 | Oil & Gas | GEMD vs DBE | |
| Invesco DB Oil Fund | -0.39 | -0.17 | — | 58 | Oil & Gas | GEMD vs DBO | |
| ProShares UltraShort Yen | -0.38 | -0.37 | — | 56 | Leveraged Currency | GEMD vs YCS |
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