Looking to diversify beyond GMAR? The ETFs below have the lowest correlation with GMAR — 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 GMAR.
Best Diversifiers for GMAR
392 ETFs have low correlation with GMAR (below 0.3), 80 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.34 | -0.07 | — | 66 | Oil & Gas | GMAR vs USO | |
| Invesco DB Energy Fund | -0.33 | -0.07 | — | 71 | Oil & Gas | GMAR vs DBE | |
| United States Brent Oil Fund LP | -0.33 | -0.08 | — | 65 | Oil & Gas | GMAR vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | — | — | 56 | Derivative Income | GMAR vs USOY | |
| Invesco DB Oil Fund | -0.31 | -0.05 | -0.03 | 65 | Oil & Gas | GMAR vs DBO |
See all 2106 diversifiers for GMAR
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