Looking to diversify beyond GMAY? The ETFs below have historically moved differently from GMAY, 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 GMAY
476 ETFs have low correlation with GMAY (below 0.3), 84 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 52 | Inverse Equities | GMAY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | GMAY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | GMAY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.41 | -0.35 | — | 61 | Cryptocurrency | GMAY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GMAY vs SBIT |
See all 2226 diversifiers for GMAY
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