Looking to diversify beyond GOEX? The ETFs below have the lowest correlation with GOEX — 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 GOEX.
Best Diversifiers for GOEX
637 ETFs have low correlation with GOEX (below 0.3), 31 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.21, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | -0.16 | -0.16 | 97 | Inflation-Protected Bonds | GOEX vs RBIL | |
| ProShares UltraShort Yen | -0.20 | -0.26 | -0.32 | 61 | Leveraged Currency | GOEX vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | GOEX vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | 0.13 | 0.13 | 98 | Inflation-Protected Bonds | GOEX vs IBIC | |
| TCW AAA CLO ETF | -0.12 | — | — | 99 | CLO | GOEX vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOEX and solid risk/return profiles. The least correlated is Amprius Technologies Inc. (AMPX) (Industrials) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amprius Technologies Inc. | 0.17 | 0.15 | 0.12 | 91 | Industrials | |
| NVIDIA Corporation | 0.17 | 0.14 | 0.18 | 76 | Technology | |
| Aehr Test Systems | 0.34 | 0.22 | 0.21 | 98 | Technology | |
| Zijin Mining Group Co Ltd ADR | 0.56 | 0.34 | 0.25 | 76 | Basic Materials | |
| McEwen Mining Inc. | 0.81 | 0.75 | 0.75 | 80 | Basic Materials |
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