Looking to diversify beyond GSIE? The ETFs below have the lowest correlation with GSIE — 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 GSIE.
Best Diversifiers for GSIE
249 ETFs have low correlation with GSIE (below 0.3), 65 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.60, 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 | -0.60 | -0.55 | -0.59 | 51 | Currency | GSIE vs UUP | |
| ProShares UltraShort Yen | -0.43 | -0.30 | -0.24 | 72 | Leveraged Currency | GSIE vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.31 | -0.33 | 57 | Cryptocurrency | GSIE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GSIE vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 53 | Inverse Equities | GSIE vs SMST |
See all 2058 diversifiers for GSIE
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