Looking to diversify beyond GSWO? The ETFs below have the lowest correlation with GSWO — 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 GSWO.
Best Diversifiers for GSWO
325 ETFs have low correlation with GSWO (below 0.3), 73 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.39 | -0.14 | -0.00 | 66 | Oil & Gas | GSWO vs USO | |
| Invesco DB Energy Fund | -0.38 | -0.14 | — | 71 | Oil & Gas | GSWO vs DBE | |
| United States Brent Oil Fund LP | -0.37 | -0.12 | — | 65 | Oil & Gas | GSWO vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.11 | — | 65 | Oil & Gas | GSWO vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.35 | -0.10 | — | 55 | Oil & Gas | GSWO vs OILK |
See all 2105 diversifiers for GSWO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GSWO
Add GSWO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GSWO