Looking to diversify beyond GSOL? The ETFs below have the lowest correlation with GSOL — 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 GSOL.
Best Diversifiers for GSOL
4 ETFs have low correlation with GSOL (below 0.3), 4 of which are negatively correlated. The least correlated is iShares Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.50, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | -0.50 | -0.50 | -0.50 | 71 | Commodities | GSOL vs COMT | |
| PIMCO 1-5 Year US TIPS Index ETF | -0.40 | -0.40 | -0.40 | 82 | Inflation-Protected Bonds | GSOL vs STPZ | |
| Invesco DB Energy Fund | -0.14 | -0.14 | -0.14 | 71 | Oil & Gas | GSOL vs DBE | |
| Virtus Newfleet ABS/MBS ETF | -0.08 | -0.08 | -0.08 | 69 | Mortgage Backed Securities | GSOL vs VABS | |
| WisdomTree Floating Rate Treasury Fund | 0.80 | 0.80 | 0.80 | 100 | Government Bonds, Ultrashort Bond | GSOL vs USFR |
Diversification Analysis
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