Looking to diversify beyond GOOW? The ETFs below have the lowest correlation with GOOW — 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 GOOW.
Best Diversifiers for GOOW
572 ETFs have low correlation with GOOW (below 0.3), 58 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.28 | -0.28 | 53 | Inverse Equities | GOOW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.27 | -0.27 | 60 | Inverse Equities, Leveraged Equities | GOOW vs MSTZ | |
| Tortoise North American Pipeline Fund | -0.15 | -0.15 | -0.15 | 77 | Energy Equities | GOOW vs TPYP | |
| Alerian Energy Infrastructure ETF | -0.15 | -0.15 | -0.15 | 73 | Energy Equities | GOOW vs ENFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | -0.15 | -0.15 | 98 | Inflation-Protected Bonds | GOOW vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOW and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.03 | -0.03 | -0.03 | 72 | Real Estate | |
| BlackRock Science and Technology Trust | 0.43 | 0.43 | 0.43 | 87 | Financial Services |
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