Looking to diversify beyond GMOI? The ETFs below have the lowest correlation with GMOI — 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 GMOI.
Best Diversifiers for GMOI
350 ETFs have low correlation with GMOI (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.32 | -0.32 | 63 | Leveraged Currency | GMOI vs YCS | |
| Invesco DB Energy Fund | -0.25 | -0.12 | -0.12 | 71 | Oil & Gas | GMOI vs DBE | |
| United States Oil Fund LP | -0.24 | -0.12 | -0.12 | 66 | Oil & Gas | GMOI vs USO | |
| United States Brent Oil Fund LP | -0.24 | -0.10 | -0.10 | 65 | Oil & Gas | GMOI vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | -0.10 | -0.10 | 56 | Derivative Income | GMOI vs USOY |
See all 2181 diversifiers for GMOI
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GMOI
Add GMOI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GMOI