Looking to diversify beyond GOVZ? The ETFs below have the lowest correlation with GOVZ — 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 GOVZ.
Best Diversifiers for GOVZ
1715 ETFs have low correlation with GOVZ (below 0.3), 115 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.21 | -0.18 | 53 | Oil & Gas | GOVZ vs DBE | |
| United States Gasoline Fund LP | -0.36 | -0.18 | -0.16 | 78 | Oil & Gas | GOVZ vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.34 | -0.17 | -0.15 | 51 | Commodities | GOVZ vs GSG | |
| ProShares UltraShort Yen | -0.33 | -0.37 | -0.39 | 72 | Leveraged Currency | GOVZ vs YCS | |
| Invesco DB Commodity Index Tracking Fund | -0.33 | -0.16 | -0.14 | 54 | Commodities | GOVZ vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOVZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOVZ and solid risk/return profiles. The least correlated is Centene Corporation (CNC) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Centene Corporation | -0.03 | 0.04 | 0.01 | 91 | Healthcare | |
| DRDGOLD Limited | 0.06 | 0.10 | 0.11 | 71 | Basic Materials | |
| HCI Group, Inc. | 0.09 | 0.13 | 0.04 | 71 | Financial Services | |
| Virtu Financial, Inc. | 0.10 | 0.06 | 0.03 | 81 | Financial Services | |
| IAMGOLD Corporation | 0.10 | 0.14 | 0.11 | 85 | Basic Materials |
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Build a portfolio that complements GOVZ
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Analyze a portfolio with GOVZ