Looking to diversify beyond GLGG? The ETFs below have the lowest correlation with GLGG — 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 GLGG.
Best Diversifiers for GLGG
0 ETFs have low correlation with GLGG (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long TSM Daily ETF (TSMG) (Leveraged Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long TSM Daily ETF | 0.44 | 0.44 | 0.44 | 89 | Leveraged Equities | GLGG vs TSMG |
Diversification Analysis
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