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
697 ETFs have low correlation with GOOY (below 0.3), 97 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.21 | — | — | 66 | Oil & Gas | GOOY vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.20 | — | — | 56 | Derivative Income | GOOY vs USOY | |
| United States Brent Oil Fund LP | -0.20 | -0.02 | -0.02 | 65 | Oil & Gas | GOOY vs BNO | |
| United States Gasoline Fund LP | -0.19 | -0.01 | -0.01 | 71 | Oil & Gas | GOOY vs UGA | |
| Invesco DB Energy Fund | -0.19 | -0.01 | -0.01 | 71 | Oil & Gas | GOOY vs DBE |
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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 |
|---|---|---|---|---|---|---|
| Blackstone Mortgage Trust, Inc. | 0.18 | — | — | 51 | Real Estate | |
| Reaves Utility Income Trust | 0.20 | — | — | 79 | Financial Services | |
| Prologis, Inc. | 0.21 | — | — | 83 | Real Estate | |
| Lumentum Holdings Inc. | 0.21 | — | — | 99 | Technology | |
| Macy's, Inc. | 0.22 | — | — | 86 | Consumer Cyclical |
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