Looking to diversify beyond GTO? The ETFs below have historically moved differently from GTO, 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 GTO
442 ETFs have low correlation with GTO (below 0.3), 106 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.45 | -0.48 | 56 | Leveraged Currency | GTO vs YCS | |
| Invesco DB Energy Fund | -0.45 | -0.23 | -0.13 | 72 | Oil & Gas | GTO vs DBE | |
| United States Oil Fund LP | -0.43 | -0.22 | -0.13 | 55 | Oil & Gas | GTO vs USO | |
| United States Brent Oil Fund LP | -0.43 | -0.22 | -0.13 | 52 | Oil & Gas | GTO vs BNO | |
| Invesco DB Oil Fund | -0.43 | -0.21 | -0.13 | 58 | Oil & Gas | GTO vs DBO |
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