Looking to diversify beyond GGLL? The ETFs below have historically moved differently from GGLL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for GGLL
731 ETFs have low correlation with GGLL (below 0.3), 111 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 52 | Inverse Equities | GGLL vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 75 | Derivative Income | GGLL vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | GGLL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.22 | -0.24 | — | 61 | Cryptocurrency | GGLL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.22 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GGLL vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GGLL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.25, down from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.25 | -0.02 | — | 70 | Energy | |
| Chevron Corporation | -0.24 | -0.05 | — | 80 | Energy | |
| ConocoPhillips Company | -0.22 | -0.04 | 0.02 | 72 | Energy | |
| Exxon Mobil Corporation | -0.21 | -0.06 | -0.00 | 84 | Energy | |
| Altria Group, Inc. | -0.17 | -0.10 | — | 66 | Consumer Defensive |
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