Looking to diversify beyond GGLS? The ETFs below have historically moved differently from GGLS, 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 GGLS
2284 ETFs have low correlation with GGLS (below 0.3), 2184 of which are negatively correlated. The least correlated is Direxion Daily GOOGL Bull 2X Shares (GGLL) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | -1.00 | -1.00 | — | 94 | Leveraged Equities | GGLS vs GGLL | |
| T-Rex 2X Long Alphabet Daily Target ETF | -0.99 | — | — | 93 | Leveraged Equities, Technology Equities | GGLS vs GOOX | |
| Roundhill GOOGL WeeklyPay™ ETF | -0.99 | — | — | 92 | Derivative Income, Leveraged Equities | GGLS vs GOOW | |
| YieldMax GOOGL Option Income Strategy ETF | -0.98 | -0.95 | — | 91 | Derivative Income | GGLS vs GOOY | |
| Kurv Yield Premium Strategy Google ETF | -0.98 | — | — | 80 | Derivative Income | GGLS vs GOOP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GGLS, 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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -1.00 | -1.00 | — | 96 | Communication Services |
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