Looking to diversify beyond GMEY? The ETFs below have historically moved differently from GMEY, 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 GMEY
4 ETFs have low correlation with GMEY (below 0.3), 1 of which are negatively correlated. The least correlated is FT Energy Income Partners Enhanced Income ETF (EIPI) (Derivative Income) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | -0.02 | -0.02 | -0.02 | 80 | Derivative Income | GMEY vs EIPI | |
| Parametric Equity Premium Income ETF | 0.15 | — | — | 62 | Derivative Income | GMEY vs PAPI | |
| YieldMax Semiconductor Portfolio Option Income ETF | 0.18 | 0.18 | 0.18 | 87 | Derivative Income, Semiconductors | GMEY vs CHPY | |
| VistaShares Target 15™ Berkshire Select Income ETF | 0.22 | — | — | 74 | Derivative Income | GMEY vs OMAH | |
| Parametric Equity Plus ETF | 0.30 | — | — | 68 | Derivative Income | GMEY vs PEPS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GMEY, 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 Delta Air Lines, Inc. (DAL) (Industrials) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delta Air Lines, Inc. | 0.07 | 0.07 | 0.07 | 89 | Industrials |
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