Looking to diversify beyond GXIG? The ETFs below have the lowest correlation with GXIG — 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 GXIG.
Best Diversifiers for GXIG
554 ETFs have low correlation with GXIG (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.43 | -0.43 | 61 | Leveraged Currency | GXIG vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.38 | -0.38 | 71 | Oil & Gas | GXIG vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.36 | -0.36 | 65 | Oil & Gas | GXIG vs BNO | |
| ProShares Ultra Bloomberg Crude Oil | -0.36 | -0.36 | -0.36 | 54 | Leveraged Commodities | GXIG vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.36 | -0.36 | -0.36 | 55 | Oil & Gas | GXIG vs OILK |
See all 2089 diversifiers for GXIG
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