Looking to diversify beyond GSJY? The ETFs below have the lowest correlation with GSJY — 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 GSJY.
Best Diversifiers for GSJY
407 ETFs have low correlation with GSJY (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.25 | -0.27 | 61 | Leveraged Currency | GSJY vs YCS | |
| Invesco DB Energy Fund | -0.30 | -0.07 | 0.07 | 71 | Oil & Gas | GSJY vs DBE | |
| United States Oil Fund LP | -0.28 | -0.06 | 0.07 | 66 | Oil & Gas | GSJY vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.06 | 0.07 | 65 | Oil & Gas | GSJY vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.08 | -0.08 | 56 | Derivative Income | GSJY vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSJY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSJY and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.29, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.29 | 0.36 | 0.42 | 60 | Consumer Cyclical | |
| JPMorgan Chase & Co. | 0.39 | 0.34 | 0.42 | 59 | Financial Services |
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