Looking to diversify beyond GOOY? The ETFs below have the lowest correlation with GOOY — 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 GOOY.
Best Diversifiers for GOOY
548 ETFs have low correlation with GOOY (below 0.3), 51 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.20, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.20 | -0.03 | -0.03 | 55 | Oil & Gas | GOOY vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | GOOY vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | GOOY vs RBIL | |
| ProShares UltraShort Yen | -0.14 | — | — | 63 | Leveraged Currency | GOOY vs YCS | |
| Tortoise North American Pipeline Fund | -0.14 | — | — | 60 | Energy Equities | GOOY vs TPYP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.19 | — | — | 99 | Technology | |
| Macy's, Inc. | 0.21 | — | — | 92 | Consumer Cyclical | |
| Prologis, Inc. | 0.23 | 0.16 | 0.16 | 87 | Real Estate | |
| Reaves Utility Income Trust | 0.24 | — | — | 79 | Financial Services | |
| Orchid Island Capital, Inc. | 0.29 | — | — | 63 | Real Estate |
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