Looking to balance out your exposure to GME? The ETFs below have historically moved differently from GME, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GME
224 ETFs have low correlation with GME (below 0.3), 10 of which are negatively correlated. The least correlated is Global X MLP & Energy Infrastructure ETF (MLPX) (Infrastructure Equities) with a 1Y correlation of -0.13, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | -0.13 | 0.16 | 0.23 | 69 | Infrastructure Equities, MLPs | GME vs MLPX | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.04 | -0.05 | 100 | Ultrashort Bond | GME vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.06 | -0.02 | 100 | Government Bonds, Ultrashort Bond | GME vs BIL | |
| PIMCO Enhanced Short Maturity Active ETF | -0.06 | -0.04 | 0.00 | 100 | Ultrashort Bond | GME vs MINT | |
| F/m US Treasury 3 Month Bill ETF | -0.05 | 0.01 | — | 100 | Ultrashort Bond | GME vs TBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GME, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.12, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.12 | 0.10 | 0.18 | 82 | Energy | |
| Pembina Pipeline Corporation | -0.12 | 0.11 | 0.18 | 86 | Energy | |
| The Coca-Cola Company | -0.10 | -0.01 | 0.04 | 87 | Consumer Defensive | |
| MPLX LP | -0.10 | 0.07 | 0.15 | 82 | Energy | |
| Chubb Limited | -0.09 | -0.02 | 0.07 | 87 | Financial Services |
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