Looking to diversify beyond GLXU? The ETFs below have the lowest correlation with GLXU — 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 GLXU.
Best Diversifiers for GLXU
0 ETFs have low correlation with GLXU (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of 0.42, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | 0.42 | 0.42 | 0.42 | 84 | Leveraged Equities | GLXU vs ARMG | |
| Leverage Shares 2X Long TSM Daily ETF | 0.44 | 0.44 | 0.44 | 89 | Leveraged Equities | GLXU vs TSMG |
Diversification Analysis
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