Looking to diversify beyond GSJY? The ETFs below have historically moved differently from GSJY, 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 GSJY
409 ETFs have low correlation with GSJY (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, down from -0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.20 | -0.24 | 51 | Cryptocurrency | GSJY vs BITI | |
| ProShares UltraShort Yen | -0.32 | -0.25 | -0.27 | 59 | Leveraged Currency | GSJY vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | — | — | 69 | Derivative Income | GSJY vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.09 | 0.05 | 66 | Oil & Gas | GSJY vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.06 | 0.08 | 51 | Oil & Gas | GSJY vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSJY, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.29, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.29 | 0.34 | 0.42 | 72 | Consumer Cyclical | |
| JPMorgan Chase & Co. | 0.39 | 0.35 | 0.41 | 73 | Financial Services |
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