Looking to diversify beyond GAMR? The ETFs below have historically moved differently from GAMR, 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 GAMR
513 ETFs have low correlation with GAMR (below 0.3), 102 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 58 | Derivative Income | GAMR vs WNTR | |
| Invesco DB Energy Fund | -0.28 | -0.08 | 0.03 | 54 | Oil & Gas | GAMR vs DBE | |
| Tortoise North American Pipeline Fund | -0.24 | 0.14 | 0.25 | 61 | MLPs, Energy Equities | GAMR vs TPYP | |
| Alerian Energy Infrastructure ETF | -0.22 | 0.15 | 0.27 | 63 | Infrastructure Equities, Energy Equities | GAMR vs ENFR | |
| Strive U.S. Energy ETF | -0.22 | 0.02 | — | 53 | Energy Equities | GAMR vs DRLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GAMR, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.09, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.09 | 0.16 | 0.25 | 82 | Energy | |
| NextEra Energy, Inc. | -0.04 | 0.05 | 0.17 | 74 | Utilities | |
| Target Corporation | 0.12 | 0.17 | 0.29 | 82 | Consumer Defensive | |
| Electronic Arts Inc. | 0.16 | 0.26 | 0.37 | 94 | Communication Services | |
| Best Buy Co., Inc. | 0.21 | 0.29 | 0.38 | 68 | Consumer Cyclical |
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