Looking to diversify beyond GSG? The ETFs below have the lowest correlation with GSG — 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 GSG.
Best Diversifiers for GSG
2032 ETFs have low correlation with GSG (below 0.3), 1932 of which are negatively correlated. The least correlated is Avantis Credit ETF (AVGB) (Global Bonds) with a 1Y correlation of -0.41, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.41 | -0.40 | -0.40 | 53 | Global Bonds | GSG vs AVGB | |
| Neos Enhanced Income Aggregate Bond ETF | -0.41 | -0.17 | — | 50 | Intermediate Core-Plus Bond | GSG vs BNDI | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.39 | -0.09 | -0.07 | 67 | Emerging Markets Bonds | GSG vs BEMB | |
| iShares Yield Optimized Bond ETF | -0.39 | -0.12 | -0.04 | 55 | Intermediate Core-Plus Bond | GSG vs BYLD | |
| Astoria Dynamic Core US Fixed Income ETF | -0.38 | — | — | 73 | Multisector Bonds | GSG vs AGGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSG and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.22, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.22 | -0.07 | -0.04 | 72 | Healthcare | |
| Apple Inc | -0.20 | -0.03 | 0.05 | 89 | Technology | |
| Diebold Nixdorf, Incorporated | -0.18 | — | — | 84 | Technology | |
| National Grid plc | -0.16 | -0.05 | 0.01 | 63 | Utilities | |
| Merck & Co., Inc. | -0.15 | -0.07 | -0.00 | 87 | Healthcare |
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Build a portfolio that complements GSG
Add GSG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GSG