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
1460 ETFs have low correlation with GOVI (below 0.3), 97 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.44 | -0.46 | 72 | Leveraged Currency | GOVI vs YCS | |
| United States Gasoline Fund LP | -0.41 | -0.21 | -0.17 | 78 | Oil & Gas | GOVI vs UGA | |
| Invesco DB Energy Fund | -0.41 | -0.24 | -0.19 | 53 | Oil & Gas | GOVI vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.36 | -0.29 | 51 | Currency | GOVI vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.19 | -0.16 | 51 | Commodities | GOVI vs GSG |
See all 2038 diversifiers for GOVI
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