Looking to diversify beyond GSID? The ETFs below have the lowest correlation with GSID — 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 GSID.
Best Diversifiers for GSID
248 ETFs have low correlation with GSID (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.58, roughly unchanged from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.58 | -0.54 | -0.59 | 51 | Currency | GSID vs UUP | |
| ProShares UltraShort Yen | -0.42 | -0.29 | -0.24 | 72 | Leveraged Currency | GSID vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.31 | -0.33 | 57 | Cryptocurrency | GSID vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GSID vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 53 | Inverse Equities | GSID vs SMST |
See all 2051 diversifiers for GSID
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Diversification Analysis
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