Looking to diversify beyond GMEY? The ETFs below have the lowest correlation with GMEY — 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 GMEY.
Best Diversifiers for GMEY
1 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 -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | -0.03 | -0.03 | -0.03 | 87 | Derivative Income | GMEY vs EIPI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GMEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GMEY and solid risk/return profiles. The least correlated is Delta Air Lines, Inc. (DAL) (Industrials) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delta Air Lines, Inc. | 0.13 | 0.13 | 0.13 | 83 | Industrials |
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