Looking to diversify beyond GDMA? The ETFs below have the lowest correlation with GDMA — 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 GDMA.
Best Diversifiers for GDMA
552 ETFs have low correlation with GDMA (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.38 | -0.24 | 57 | Cryptocurrency | GDMA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.45 | -0.45 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GDMA vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | GDMA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | GDMA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | GDMA vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDMA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDMA and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.26, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.26 | 0.35 | 0.17 | 54 | Consumer Cyclical |
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