Looking to diversify beyond GSPY? The ETFs below have the lowest correlation with GSPY — 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 GSPY.
Best Diversifiers for GSPY
295 ETFs have low correlation with GSPY (below 0.3), 39 of which are negatively correlated. The least correlated is F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) (Inflation-Protected Bonds) with a 1Y correlation of -0.25, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | -0.21 | -0.21 | 97 | Inflation-Protected Bonds | GSPY vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | GSPY vs IBIC | |
| ProShares UltraShort Yen | -0.20 | -0.03 | -0.02 | 61 | Leveraged Currency | GSPY vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | 0.00 | 0.00 | 95 | Inflation-Protected Bonds | GSPY vs IBID | |
| VanEck Commodity Strategy ETF | -0.13 | 0.02 | 0.07 | 55 | Commodities | GSPY vs PIT |
See all 2076 diversifiers for GSPY
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Diversification Analysis
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