Looking to balance out your exposure to GME? The ETFs below have the lowest correlation with GME — they tend to move on their own, which can help reduce risk when GME drops. The stock ideas table highlights individual companies that behave independently from GME.
Best Diversifiers for GME
216 ETFs have low correlation with GME (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.16, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.16 | -0.14 | -0.16 | 51 | Currency | GME vs UUP | |
| Global X MLP & Energy Infrastructure ETF | -0.13 | 0.17 | 0.24 | 72 | MLPs | GME vs MLPX | |
| PIMCO Enhanced Short Maturity Active ETF | -0.08 | -0.04 | 0.00 | 100 | Ultrashort Bond | GME vs MINT | |
| iShares 0-3 Month Treasury Bond ETF | -0.06 | -0.04 | -0.04 | 100 | Ultrashort Bond | GME vs SGOV | |
| F/m US Treasury 3 Month Bill ETF | -0.05 | 0.02 | — | 100 | Ultrashort Bond | GME vs TBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GME and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.14 | 0.11 | 0.18 | 88 | Energy | |
| MPLX LP | -0.11 | 0.08 | 0.15 | 82 | Energy | |
| The Coca-Cola Company | -0.10 | -0.02 | 0.04 | 83 | Consumer Defensive | |
| Pembina Pipeline Corporation | -0.10 | 0.14 | 0.21 | 90 | Energy | |
| Energy Transfer LP | -0.08 | 0.14 | 0.19 | 84 | Energy |
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