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
636 ETFs have low correlation with GOOP (below 0.3), 87 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | GOOP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 60 | Inverse Equities | GOOP vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 70 | Derivative Income | GOOP vs WNTR | |
| ProShares Short Bitcoin ETF | -0.24 | -0.23 | -0.23 | 57 | Cryptocurrency | GOOP vs BITI | |
| Invesco DB US Dollar Index Bullish Fund | -0.24 | — | — | 51 | Currency | GOOP vs UUP |
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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 |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.16 | — | — | 57 | Communication Services | |
| PPL Corporation | -0.04 | — | — | 58 | Utilities | |
| Berkshire Hathaway Inc. | -0.03 | — | — | 53 | Financial Services | |
| Laboratory Corporation of America Holdings | 0.07 | — | — | 60 | Healthcare | |
| NextEra Energy, Inc. | 0.08 | — | — | 73 | Utilities |
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Build a portfolio that complements GOOP
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