Looking to diversify beyond GOVZ? The ETFs below have historically moved differently from GOVZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GOVZ
1912 ETFs have low correlation with GOVZ (below 0.3), 142 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.22 | -0.18 | 72 | Oil & Gas | GOVZ vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.18 | -0.15 | 67 | Commodities | GOVZ vs GSG | |
| United States Gasoline Fund, LP | -0.37 | -0.20 | -0.16 | 87 | Oil & Gas | GOVZ vs UGA | |
| United States Oil Fund LP | -0.36 | -0.21 | -0.19 | 55 | Oil & Gas | GOVZ vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.35 | -0.18 | -0.14 | 72 | Commodities | GOVZ vs PDBC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOVZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Centene Corporation (CNC) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Centene Corporation | -0.03 | 0.05 | 0.02 | 95 | Healthcare | |
| Teekay Corporation | 0.02 | -0.02 | -0.07 | 89 | Energy | |
| DRDGOLD Limited | 0.04 | 0.09 | 0.11 | 70 | Basic Materials | |
| HCI Group, Inc. | 0.08 | 0.12 | 0.03 | 66 | Financial Services | |
| IAMGOLD Corporation | 0.09 | 0.13 | 0.11 | 84 | 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