Looking to diversify beyond GMNY? The ETFs below have historically moved differently from GMNY, 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 GMNY
1670 ETFs have low correlation with GMNY (below 0.3), 114 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.34 | — | — | 58 | Oil & Gas | GMNY vs DBO | |
| Invesco DB Energy Fund | -0.34 | — | — | 72 | Oil & Gas | GMNY vs DBE | |
| ProShares UltraShort Yen | -0.32 | — | — | 56 | Leveraged Currency | GMNY vs YCS | |
| United States Oil Fund LP | -0.31 | — | — | 55 | Oil & Gas | GMNY vs USO | |
| United States Brent Oil Fund LP | -0.30 | — | — | 52 | Oil & Gas | GMNY vs BNO |
See all 2226 diversifiers for GMNY
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