Looking to diversify beyond GGME? The ETFs below have historically moved differently from GGME, 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 GGME
534 ETFs have low correlation with GGME (below 0.3), 95 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.47, roughly unchanged from -0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | -0.47 | -0.47 | 69 | Derivative Income | GGME vs WNTR | |
| ProShares Short Bitcoin ETF | -0.46 | -0.37 | — | 51 | Cryptocurrency | GGME vs BITI | |
| Invesco DB Energy Fund | -0.21 | -0.05 | 0.08 | 66 | Oil & Gas | GGME vs DBE | |
| YieldMax XOM Option Income Strategy ETF | -0.20 | -0.05 | -0.05 | 52 | Derivative Income, Dividend | GGME vs XOMO | |
| Tortoise North American Pipeline Fund | -0.19 | 0.11 | 0.29 | 75 | Energy Equities | GGME vs TPYP |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GGME
Add GGME to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GGME