Looking to diversify beyond GMAY? The ETFs below have the lowest correlation with GMAY — 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 GMAY.
Best Diversifiers for GMAY
412 ETFs have low correlation with GMAY (below 0.3), 70 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.42, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.44 | -0.44 | 60 | Inverse Equities | GMAY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | GMAY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | GMAY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.40 | -0.35 | -0.34 | 57 | Cryptocurrency | GMAY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GMAY vs SBIT |
See all 2039 diversifiers for GMAY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GMAY
Add GMAY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GMAY