Looking to diversify beyond GOOP? The ETFs below have historically moved differently from GOOP, 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 GOOP
723 ETFs have low correlation with GOOP (below 0.3), 117 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 75 | Derivative Income | GOOP vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 52 | Inverse Equities | GOOP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 61 | Inverse Equities, Leveraged Equities | GOOP vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.25 | — | — | 61 | Cryptocurrency | GOOP vs BITI | |
| United States Oil Fund LP | -0.24 | — | — | 55 | Oil & Gas | GOOP vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOOP, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.17, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.17 | -0.16 | -0.16 | 66 | Communication Services | |
| Berkshire Hathaway Inc. | -0.03 | 0.07 | 0.07 | 61 | Financial Services | |
| Laboratory Corporation of America Holdings | 0.04 | — | — | 69 | Healthcare | |
| NextEra Energy, Inc. | 0.05 | 0.03 | 0.03 | 77 | Utilities | |
| Monster Beverage Corporation | 0.09 | — | — | 94 | Consumer Defensive |
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