Looking to diversify beyond GVLE? The ETFs below have the lowest correlation with GVLE — 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 GVLE.
Best Diversifiers for GVLE
230 ETFs have low correlation with GVLE (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.40 | -0.40 | 51 | Currency | GVLE vs UUP | |
| ProShares Short Bitcoin ETF | -0.38 | -0.38 | -0.38 | 57 | Cryptocurrency | GVLE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GVLE vs SBIT | |
| Invesco DB Energy Fund | -0.37 | -0.37 | -0.37 | 53 | Oil & Gas | GVLE vs DBE | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.35 | -0.35 | 53 | Inverse Equities | GVLE vs SMST |
See all 2036 diversifiers for GVLE
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