Looking to diversify beyond GOVI? The ETFs below have historically moved differently from GOVI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GOVI
1518 ETFs have low correlation with GOVI (below 0.3), 126 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.42, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.42 | -0.24 | -0.20 | 52 | Oil & Gas | GOVI vs BNO | |
| United States Oil Fund LP | -0.42 | -0.24 | -0.19 | 55 | Oil & Gas | GOVI vs USO | |
| Invesco DB Oil Fund | -0.42 | -0.24 | -0.19 | 58 | Oil & Gas | GOVI vs DBO | |
| Invesco DB Energy Fund | -0.42 | -0.25 | -0.19 | 72 | Oil & Gas | GOVI vs DBE | |
| United States Gasoline Fund, LP | -0.40 | -0.23 | -0.17 | 87 | Oil & Gas | GOVI vs UGA |
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