Looking to diversify beyond GPZ? The ETFs below have the lowest correlation with GPZ — 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 GPZ.
Best Diversifiers for GPZ
451 ETFs have low correlation with GPZ (below 0.3), 66 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.19 | -0.19 | -0.19 | 69 | Oil & Gas | GPZ vs UGA | |
| ProShares Ultra Bloomberg Crude Oil | -0.19 | -0.19 | -0.19 | 54 | Leveraged Commodities | GPZ vs UCO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.18 | -0.18 | 98 | Inflation-Protected Bonds | GPZ vs RBIL | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.18 | -0.18 | 71 | Commodities | GPZ vs GSG | |
| iShares Commodities Select Strategy ETF | -0.18 | -0.18 | -0.18 | 71 | Commodities | GPZ vs COMT |
See all 2090 diversifiers for GPZ
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Diversification Analysis
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