Looking to diversify beyond GOEX? The ETFs below have the lowest correlation with GOEX — 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 GOEX.
Best Diversifiers for GOEX
666 ETFs have low correlation with GOEX (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.42 | -0.47 | -0.50 | 51 | Currency | GOEX vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GOEX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | -0.18 | -0.23 | 57 | Cryptocurrency | GOEX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 60 | Inverse Equities | GOEX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | GOEX vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOEX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.17, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.17 | 0.13 | 0.17 | 65 | Technology | |
| Amprius Technologies Inc. | 0.21 | 0.15 | — | 71 | Industrials | |
| MP Materials Corp. | 0.28 | 0.30 | 0.32 | 51 | Basic Materials | |
| Aehr Test Systems | 0.34 | 0.22 | 0.21 | 95 | Technology | |
| Zijin Mining Group Co Ltd ADR | 0.60 | 0.35 | 0.25 | 71 | Basic Materials |
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Build a portfolio that complements GOEX
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