Looking to diversify beyond GOVT? The ETFs below have the lowest correlation with GOVT — 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 GOVT.
Best Diversifiers for GOVT
1422 ETFs have low correlation with GOVT (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.49 | -0.50 | 73 | Leveraged Currency | GOVT vs YCS | |
| United States Gasoline Fund LP | -0.42 | -0.22 | -0.17 | 60 | Oil & Gas | GOVT vs UGA | |
| Fidelity Managed Futures ETF | -0.36 | — | — | 60 | Systematic Trend | GOVT vs FFUT | |
| VanEck Commodity Strategy ETF | -0.29 | -0.14 | — | 59 | Commodities | GOVT vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.13 | -0.12 | 77 | Commodities | GOVT vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOVT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOVT and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.29, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.29 | -0.13 | -0.15 | 65 | Energy | |
| Chevron Corporation | -0.25 | -0.08 | -0.13 | 70 | Energy | |
| Energy Transfer LP | -0.22 | -0.06 | -0.09 | 70 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.07 | -0.12 | 74 | Energy | |
| BP p.l.c. | -0.21 | -0.09 | -0.14 | 75 | Energy |
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Build a portfolio that complements GOVT
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