Looking to diversify beyond GOOX? The ETFs below have historically moved differently from GOOX, 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 GOOX
649 ETFs have low correlation with GOOX (below 0.3), 107 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 | -0.30 | — | — | 75 | Derivative Income | GOOX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 61 | Inverse Equities, Leveraged Equities | GOOX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 52 | Inverse Equities | GOOX vs SMST | |
| ProShares Short Bitcoin ETF | -0.23 | — | — | 61 | Cryptocurrency | GOOX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | -0.28 | -0.28 | 55 | Cryptocurrency, Leveraged Cryptocurrency | GOOX vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GOOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.16 | — | — | 56 | Financial Services | |
| The Travelers Companies, Inc. | -0.07 | — | — | 94 | Financial Services | |
| Walmart Inc. | -0.02 | 0.05 | 0.05 | 62 | Consumer Defensive | |
| Banco Macro S.A. | 0.20 | — | — | 66 | Financial Services | |
| Banco Bradesco S.A. | 0.30 | — | — | 77 | Financial Services |
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