Looking to diversify beyond GGLS? The ETFs below have the lowest correlation with GGLS — 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 GGLS.
Best Diversifiers for GGLS
2107 ETFs have low correlation with GGLS (below 0.3), 2022 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.
| 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 Bonds | GGLS vs GOOX | |
| YieldMax GOOGL Option Income Strategy ETF | -0.98 | — | — | 92 | Derivative Income | GGLS vs GOOY | |
| Kurv Yield Premium Strategy Google ETF | -0.97 | — | — | 86 | Derivative Income | GGLS vs GOOP | |
| SPDR SSGA US Sector Rotation ETF | -0.63 | -0.59 | — | 59 | Large Cap Growth Equities | GGLS vs XLSR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GGLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GGLS and solid risk/return profiles. 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.
| 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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