Looking to diversify beyond GBUG? The ETFs below have the lowest correlation with GBUG — 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 GBUG.
Best Diversifiers for GBUG
600 ETFs have low correlation with GBUG (below 0.3), 53 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | — | — | 51 | Currency | GBUG vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GBUG vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.26 | -0.26 | 57 | Cryptocurrency | GBUG vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 53 | Inverse Equities | GBUG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | -0.26 | -0.26 | 68 | Inverse Equities, Leveraged Equities | GBUG vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBUG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBUG and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.32, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.32 | 0.20 | 0.20 | 63 | Consumer Cyclical | |
| Sprott Inc | 0.66 | — | — | 73 | Financial Services | |
| Pan American Silver Corp. | 0.89 | — | — | 68 | Basic Materials |
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