Looking to diversify beyond GKAT? The ETFs below have the lowest correlation with GKAT — 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 GKAT.
Best Diversifiers for GKAT
201 ETFs have low correlation with GKAT (below 0.3), 16 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.23 | -0.23 | 61 | Leveraged Currency | GKAT vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | -0.09 | -0.09 | 99 | Ultrashort Bond | GKAT vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | GKAT vs SGOV | |
| Horizon Landmark ETF | -0.06 | -0.06 | -0.06 | 98 | Ultrashort Bond | GKAT vs BENJ | |
| Texas Capital Government Money Market ETF | -0.06 | -0.06 | -0.06 | 100 | Money Market | GKAT vs MMKT |
See all 2019 diversifiers for GKAT
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