Looking to diversify beyond GOEX? The ETFs below have historically moved differently from GOEX, 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 GOEX
734 ETFs have low correlation with GOEX (below 0.3), 74 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GOEX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.35 | -0.19 | — | 61 | Cryptocurrency | GOEX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.24 | -0.24 | 52 | Inverse Equities | GOEX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | GOEX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | -0.22 | -0.22 | 75 | Derivative Income | GOEX vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.22, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.22 | 0.14 | 0.18 | 56 | Technology | |
| Amprius Technologies Inc. | 0.26 | 0.15 | 0.13 | 61 | Industrials | |
| Aehr Test Systems | 0.37 | 0.23 | 0.22 | 95 | Technology | |
| Zijin Mining Group Co Ltd ADR | 0.61 | 0.37 | 0.27 | 76 | Basic Materials | |
| Gold Fields Limited | 0.83 | 0.76 | 0.75 | 64 | Basic Materials |
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