Looking to diversify beyond GMF? The ETFs below have the lowest correlation with GMF — 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 GMF.
Best Diversifiers for GMF
431 ETFs have low correlation with GMF (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | -0.33 | 57 | Cryptocurrency | GMF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GMF vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.38 | -0.38 | 60 | Inverse Equities | GMF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.37 | -0.37 | 68 | Inverse Equities, Leveraged Equities | GMF vs MSTZ | |
| Invesco DB US Dollar Index Bullish Fund | -0.35 | -0.38 | -0.41 | 51 | Currency | GMF vs UUP |
See all 2048 diversifiers for GMF
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