Looking to diversify beyond GMAY? The ETFs below have the lowest correlation with GMAY — 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 GMAY.
Best Diversifiers for GMAY
425 ETFs have low correlation with GMAY (below 0.3), 84 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.26 | -0.05 | — | 66 | Oil & Gas | GMAY vs USO | |
| Invesco DB Energy Fund | -0.25 | -0.05 | — | 71 | Oil & Gas | GMAY vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.04 | -0.04 | 65 | Oil & Gas | GMAY vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.23 | -0.02 | — | 56 | Oil & Gas | GMAY vs OILK | |
| United States 12 Month Oil Fund LP | -0.22 | -0.02 | -0.02 | 56 | Oil & Gas | GMAY vs USL |
See all 2182 diversifiers for GMAY
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