Looking to diversify beyond GNMA? The ETFs below have historically moved differently from GNMA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GNMA
881 ETFs have low correlation with GNMA (below 0.3), 106 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.24 | -0.14 | 72 | Oil & Gas | GNMA vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.24 | -0.14 | 52 | Oil & Gas | GNMA vs BNO | |
| United States Oil Fund LP | -0.42 | -0.24 | -0.14 | 55 | Oil & Gas | GNMA vs USO | |
| Invesco DB Oil Fund | -0.42 | -0.23 | -0.14 | 58 | Oil & Gas | GNMA vs DBO | |
| ProShares UltraShort Yen | -0.40 | -0.44 | -0.46 | 56 | Leveraged Currency | GNMA vs YCS |
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