Looking to diversify beyond GMOM? The ETFs below have the lowest correlation with GMOM — 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 GMOM.
Best Diversifiers for GMOM
382 ETFs have low correlation with GMOM (below 0.3), 34 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.50, down from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.50 | -0.41 | -0.39 | 51 | Currency | GMOM vs UUP | |
| ProShares Short Bitcoin ETF | -0.42 | -0.37 | -0.34 | 57 | Cryptocurrency | GMOM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GMOM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | GMOM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | GMOM vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GMOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GMOM and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.39, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.39 | 0.39 | 0.36 | 71 | Technology |
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