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
811 ETFs have low correlation with GNMA (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.45 | -0.47 | 75 | Leveraged Currency | GNMA vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.21 | -0.13 | 72 | Oil & Gas | GNMA vs UGA | |
| Fidelity Managed Futures ETF | -0.33 | — | — | 66 | Systematic Trend | GNMA vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.31 | -0.16 | -0.08 | 51 | Commodities | GNMA vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.29 | -0.13 | -0.05 | 65 | Commodities | GNMA vs SDCI |
See all 2051 diversifiers for GNMA
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