Looking to diversify beyond GIND? The ETFs below have historically moved differently from GIND, 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 GIND
462 ETFs have low correlation with GIND (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, roughly unchanged from -0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.34 | -0.34 | 53 | Oil & Gas | GIND vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | — | — | 50 | Commodities | GIND vs GSG | |
| United States Gasoline Fund, LP | -0.35 | -0.28 | -0.28 | 74 | Oil & Gas | GIND vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.34 | — | — | 98 | Inflation-Protected Bonds | GIND vs IBIC | |
| Invesco DB Commodity Index Tracking Fund | -0.33 | -0.26 | -0.26 | 56 | Commodities | GIND vs DBC |
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