Looking to diversify beyond GSY? The ETFs below have the lowest correlation with GSY — 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 GSY.
Best Diversifiers for GSY
1798 ETFs have low correlation with GSY (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, up from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.37 | -0.39 | 61 | Leveraged Currency | GSY vs YCS | |
| Fidelity Managed Futures ETF | -0.19 | — | — | 64 | Systematic Trend | GSY vs FFUT | |
| VanEck Commodity Strategy ETF | -0.15 | -0.05 | — | 55 | Commodities | GSY vs PIT | |
| Breakwave Tanker Shipping ETF | -0.13 | -0.07 | — | 98 | Commodities | GSY vs BWET | |
| First Trust Alternative Absolute Return Strategy E... | -0.12 | -0.06 | -0.02 | 70 | Commodities | GSY vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | -0.05 | -0.04 | 68 | Energy | |
| Chevron Corporation | -0.14 | 0.00 | -0.01 | 68 | Energy | |
| Altria Group, Inc. | -0.12 | 0.04 | 0.04 | 70 | Consumer Defensive | |
| AbbVie Inc. | 0.02 | 0.06 | 0.03 | 71 | Healthcare | |
| The Coca-Cola Company | 0.02 | 0.08 | 0.07 | 74 | Consumer Defensive |
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