Looking to diversify beyond GNOM? The ETFs below have the lowest correlation with GNOM — 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 GNOM.
Best Diversifiers for GNOM
459 ETFs have low correlation with GNOM (below 0.3), 93 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.31 | — | 53 | Cryptocurrency | GNOM vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 64 | Inverse Equities | GNOM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 69 | Inverse Equities, Leveraged Equities | GNOM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 74 | Derivative Income | GNOM vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.11 | -0.01 | 60 | Oil & Gas | GNOM vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GNOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GNOM and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.07, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.07 | 0.20 | 0.26 | 79 | Real Estate | |
| Iberdrola SA | 0.20 | 0.22 | 0.26 | 91 | Utilities | |
| Brookfield Renewable Partners L.P. | 0.22 | 0.33 | 0.37 | 70 | Utilities | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.32 | 0.33 | 0.40 | 86 | Technology |
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