Looking to diversify beyond GSY? The ETFs below have historically moved differently from GSY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GSY
1800 ETFs have low correlation with GSY (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.27 | -0.13 | -0.05 | 58 | Oil & Gas | GSY vs DBO | |
| ProShares UltraShort Yen | -0.26 | -0.37 | -0.39 | 56 | Leveraged Currency | GSY vs YCS | |
| Invesco DB Energy Fund | -0.26 | -0.13 | -0.06 | 72 | Oil & Gas | GSY vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.13 | -0.06 | 52 | Oil & Gas | GSY vs BNO | |
| United States Oil Fund LP | -0.25 | -0.13 | -0.05 | 55 | Oil & Gas | GSY vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.23, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.23 | -0.08 | -0.05 | 84 | Energy | |
| Chevron Corporation | -0.22 | -0.07 | -0.04 | 80 | Energy | |
| TotalEnergies SE | -0.15 | -0.01 | -0.02 | 91 | Energy | |
| Altria Group, Inc. | -0.11 | 0.05 | 0.04 | 66 | Consumer Defensive | |
| Texas Pacific Land Corporation | -0.05 | -0.01 | 0.02 | 62 | Energy |
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