Looking to diversify beyond GOVI? The ETFs below have the lowest correlation with GOVI — 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 GOVI.
Best Diversifiers for GOVI
1543 ETFs have low correlation with GOVI (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.44 | -0.47 | 61 | Leveraged Currency | GOVI vs YCS | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 64 | Systematic Trend | GOVI vs FFUT | |
| VanEck Commodity Strategy ETF | -0.29 | -0.13 | -0.13 | 55 | Commodities | GOVI vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.13 | -0.12 | 70 | Commodities | GOVI vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.25 | -0.10 | -0.10 | 53 | Commodities | GOVI vs FTGC |
See all 2067 diversifiers for GOVI
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