Looking to diversify beyond GVLE? The ETFs below have historically moved differently from GVLE, 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 GVLE
251 ETFs have low correlation with GVLE (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.32, roughly unchanged from -0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.32 | -0.32 | -0.32 | 58 | Oil & Gas | GVLE vs DBO | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | -0.19 | -0.19 | 71 | Commodities | GVLE vs DBC | |
| Texas Capital Texas Oil Index ETF | -0.19 | -0.19 | -0.19 | 50 | Energy Equities | GVLE vs OILT | |
| MicroSectors Energy 3X Leveraged ETN | -0.19 | -0.19 | -0.19 | 55 | Leveraged Equities | GVLE vs WTIU | |
| YieldMax XOM Option Income Strategy ETF | -0.19 | -0.19 | -0.19 | 51 | Derivative Income, Dividend | GVLE vs XOMO |
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