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
311 ETFs have low correlation with GMOI (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.49 | -0.49 | 51 | Currency | GMOI vs UUP | |
| ProShares UltraShort Yen | -0.42 | — | — | 72 | Leveraged Currency | GMOI vs YCS | |
| ProShares Short Bitcoin ETF | -0.34 | -0.28 | -0.28 | 57 | Cryptocurrency | GMOI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GMOI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.26 | -0.26 | 68 | Inverse Equities, Leveraged Equities | GMOI vs MSTZ |
See all 2046 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