Looking to diversify beyond GMUN? The ETFs below have the lowest correlation with GMUN — 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 GMUN.
Best Diversifiers for GMUN
1709 ETFs have low correlation with GMUN (below 0.3), 95 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.17 | — | 53 | Oil & Gas | GMUN vs DBE | |
| United States Gasoline Fund LP | -0.30 | -0.15 | — | 78 | Oil & Gas | GMUN vs UGA | |
| Bastion Energy ETF | -0.27 | — | — | 87 | Energy Equities | GMUN vs BESF | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.14 | -0.12 | 51 | Commodities | GMUN vs GSG | |
| ProShares UltraShort Yen | -0.26 | -0.38 | — | 72 | Leveraged Currency | GMUN vs YCS |
See all 2041 diversifiers for GMUN
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Diversification Analysis
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