Looking to balance out your exposure to GS? The ETFs below have historically moved differently from GS, 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 GS
72 ETFs have low correlation with GS (below 0.3), 23 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.24 | -0.07 | 0.07 | 55 | Oil & Gas | GS vs USO | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.06 | -0.03 | 100 | Ultrashort Bond | GS vs SGOV | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | GS vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.09 | -0.03 | 100 | Government Bonds, Ultrashort Bond | GS vs BIL | |
| Vanguard Ultra-Short Treasury ETF | -0.11 | — | — | 100 | Ultrashort Bond, Government Bonds | GS vs VGUS |
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 GS, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.30 | 0.00 | 0.12 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.27 | -0.03 | 0.11 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.22 | 0.00 | 0.10 | 56 | Utilities | |
| Chevron Corporation | -0.19 | 0.10 | 0.25 | 80 | Energy | |
| Cboe Global Markets, Inc. | -0.17 | -0.09 | 0.09 | 69 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GS
Add GS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GS