Looking to diversify beyond GMEU? The ETFs below have the lowest correlation with GMEU — 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 GMEU.
Best Diversifiers for GMEU
1744 ETFs have low correlation with GMEU (below 0.3), 64 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | -0.30 | -0.30 | 60 | Inverse Equities, Leveraged Equities | GMEU vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.30 | -0.30 | 53 | Inverse Equities | GMEU vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | -0.28 | -0.28 | 65 | Derivative Income | GMEU vs WNTR | |
| Global X MLP & Energy Infrastructure ETF | -0.15 | -0.08 | -0.08 | 69 | MLPs | GMEU vs MLPX | |
| Direxion Daily NFLX Bear 1X Shares | -0.15 | — | — | 60 | Inverse Equities | GMEU vs NFXS |
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