Looking to diversify beyond GBAT? The ETFs below have the lowest correlation with GBAT — 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 GBAT.
Best Diversifiers for GBAT
1 ETFs have low correlation with GBAT (below 0.3), 0 of which are negatively correlated. The least correlated is CoinShares Bitcoin Miners ETF (WGMI) (Cryptocurrency) with a 1Y correlation of 0.29, roughly unchanged from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CoinShares Bitcoin Miners ETF | 0.29 | 0.22 | — | 72 | Cryptocurrency, Blockchain | GBAT vs WGMI |
Diversification Analysis
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