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
342 ETFs have low correlation with GMAY (below 0.3), 39 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.20, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.20 | -0.04 | — | 55 | Oil & Gas | GMAY vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | GMAY vs IBIC | |
| Direxion Daily NFLX Bear 1X Shares | -0.18 | -0.32 | -0.32 | 55 | Inverse Equities | GMAY vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | GMAY vs RBIL | |
| Brookstone Ultra-Short Bond ETF | -0.15 | — | — | 98 | Ultrashort Bond | GMAY vs BAMU |
See all 1943 diversifiers for GMAY
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