Looking to diversify beyond GCAD? The ETFs below have the lowest correlation with GCAD — 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 GCAD.
Best Diversifiers for GCAD
402 ETFs have low correlation with GCAD (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.29 | -0.29 | 57 | Cryptocurrency | GCAD vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 53 | Inverse Equities | GCAD vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GCAD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | GCAD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | GCAD vs WNTR |
See all 2050 diversifiers for GCAD
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