Looking to diversify beyond GEMD? The ETFs below have the lowest correlation with GEMD — 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 GEMD.
Best Diversifiers for GEMD
239 ETFs have low correlation with GEMD (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.36 | — | 75 | Leveraged Currency | GEMD vs YCS | |
| United States Gasoline Fund LP | -0.36 | -0.13 | — | 72 | Oil & Gas | GEMD vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.30 | -0.08 | 0.00 | 51 | Commodities | GEMD vs PDBC | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 53 | Inverse Equities | GEMD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 60 | Inverse Equities, Leveraged Equities | GEMD vs MSTZ |
See all 2051 diversifiers for GEMD
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