Looking to diversify beyond GLRY? The ETFs below have the lowest correlation with GLRY — 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 GLRY.
Best Diversifiers for GLRY
420 ETFs have low correlation with GLRY (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.34 | -0.37 | 57 | Cryptocurrency | GLRY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GLRY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.37 | -0.37 | 68 | Inverse Equities, Leveraged Equities | GLRY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.39 | -0.39 | 60 | Inverse Equities | GLRY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | GLRY vs WNTR |
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