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
1627 ETFs have low correlation with GOVZ (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.37 | -0.39 | 63 | Leveraged Currency | GOVZ vs YCS | |
| United States Gasoline Fund LP | -0.36 | -0.18 | -0.16 | 55 | Oil & Gas | GOVZ vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.13 | -0.13 | 75 | Commodities | GOVZ vs FAAR | |
| VanEck Commodity Strategy ETF | -0.28 | -0.12 | — | 57 | Commodities | GOVZ vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.27 | -0.10 | -0.11 | 55 | Commodities | GOVZ vs FTGC |
To view more results, upgrade your current subscription plan.
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 | 88 | Energy | |
| Centene Corporation | 0.04 | 0.04 | 0.01 | 52 | Healthcare | |
| HCI Group, Inc. | 0.09 | 0.12 | 0.03 | 56 | Financial Services | |
| Virtu Financial, Inc. | 0.11 | 0.06 | 0.03 | 78 | Financial Services | |
| IAMGOLD Corporation | 0.12 | 0.14 | 0.10 | 82 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GOVZ
Add GOVZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GOVZ