Looking to diversify beyond GEVX? The ETFs below have the lowest correlation with GEVX — 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 GEVX.
Best Diversifiers for GEVX
0 ETFs have low correlation with GEVX (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.53, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.53 | 0.53 | 0.53 | 97 | Leveraged Equities, Semiconductors | GEVX vs SOXL |
Diversification Analysis
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