Looking to diversify beyond GOOP? The ETFs below have the lowest correlation with GOOP — 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 GOOP.
Best Diversifiers for GOOP
663 ETFs have low correlation with GOOP (below 0.3), 93 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | GOOP vs USOY | |
| United States Brent Oil Fund LP | -0.22 | — | — | 65 | Oil & Gas | GOOP vs BNO | |
| United States Oil Fund LP | -0.22 | — | — | 66 | Oil & Gas | GOOP vs USO | |
| United States Gasoline Fund LP | -0.22 | — | — | 71 | Oil & Gas | GOOP vs UGA | |
| Invesco DB Energy Fund | -0.21 | — | — | 71 | Oil & Gas | GOOP vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOP and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc Class A | 0.97 | — | — | 96 | Communication Services |
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