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
363 ETFs have low correlation with GMOM (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.19 | -0.13 | 61 | Leveraged Currency | GMOM vs YCS | |
| Invesco DB Energy Fund | -0.16 | 0.10 | 0.30 | 71 | Oil & Gas | GMOM vs DBE | |
| United States Oil Fund LP | -0.15 | 0.11 | 0.30 | 66 | Oil & Gas | GMOM vs USO | |
| United States Brent Oil Fund LP | -0.15 | 0.11 | 0.30 | 65 | Oil & Gas | GMOM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.13 | — | — | 56 | Derivative Income | GMOM vs USOY |
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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 0.40, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.40 | 0.39 | 0.35 | 84 | Technology |
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