Looking to balance out your exposure to GS? The ETFs below have the lowest correlation with GS — they tend to move on their own, which can help reduce risk when GS drops. The stock ideas table highlights individual companies that behave independently from GS.
Best Diversifiers for GS
57 ETFs have low correlation with GS (below 0.3), 13 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.25 | -0.04 | 0.09 | 66 | Oil & Gas | GS vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.22 | -0.03 | 0.10 | 54 | Leveraged Commodities | GS vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.05 | -0.02 | 100 | Ultrashort Bond | GS vs SGOV | |
| Invesco DB Commodity Index Tracking Fund | -0.14 | 0.03 | 0.15 | 75 | Commodities | GS vs DBC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.08 | -0.02 | 100 | Government Bonds, Ultrashort Bond | GS vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.07 | 0.17 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.15 | 0.05 | 0.12 | 53 | Utilities | |
| Chevron Corporation | -0.14 | 0.15 | 0.28 | 83 | Energy | |
| Cboe Global Markets, Inc. | -0.13 | -0.08 | 0.10 | 68 | Financial Services | |
| EOG Resources, Inc. | -0.11 | 0.14 | 0.26 | 69 | Energy |
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Build a portfolio that complements GS
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