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
1767 ETFs have low correlation with GOVZ (below 0.3), 124 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 | 71 | Oil & Gas | GOVZ vs DBE | |
| ProShares UltraShort Yen | -0.37 | -0.37 | -0.39 | 61 | Leveraged Currency | GOVZ vs YCS | |
| United States Oil Fund LP | -0.36 | -0.20 | -0.19 | 66 | Oil & Gas | GOVZ vs USO | |
| Invesco DB Oil Fund | -0.36 | -0.19 | -0.18 | 65 | Oil & Gas | GOVZ vs DBO | |
| United States Gasoline Fund LP | -0.36 | -0.18 | -0.16 | 69 | Oil & Gas | GOVZ vs UGA |
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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 Teekay Corporation (TK) (Energy) with a 1Y correlation of 0.01, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Corporation | 0.01 | -0.01 | -0.08 | 84 | Energy | |
| Oklo Inc. | 0.06 | 0.04 | 0.04 | 52 | Utilities | |
| Corporación América Airports S.A. | 0.09 | 0.12 | 0.03 | 61 | Industrials | |
| Virtu Financial, Inc. | 0.10 | 0.06 | 0.03 | 64 | Financial Services | |
| IAMGOLD Corporation | 0.10 | 0.14 | 0.10 | 84 | Basic Materials |
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