Looking to diversify beyond GNMA? The ETFs below have the lowest correlation with GNMA — 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 GNMA.
Best Diversifiers for GNMA
866 ETFs have low correlation with GNMA (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.44 | -0.47 | 61 | Leveraged Currency | GNMA vs YCS | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 64 | Systematic Trend | GNMA vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.23 | -0.12 | -0.10 | 70 | Commodities | GNMA vs FAAR | |
| VanEck Commodity Strategy ETF | -0.23 | -0.11 | — | 55 | Commodities | GNMA vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.18 | -0.09 | -0.04 | 53 | Commodities | GNMA vs FTGC |
See all 2068 diversifiers for GNMA
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