Looking to diversify beyond GOOX? The ETFs below have the lowest correlation with GOOX — 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 GOOX.
Best Diversifiers for GOOX
459 ETFs have low correlation with GOOX (below 0.3), 38 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | — | — | 97 | Inflation-Protected Bonds | GOOX vs RBIL | |
| ProShares UltraShort Yen | -0.15 | — | — | 61 | Leveraged Currency | GOOX vs YCS | |
| Tortoise North American Pipeline Fund | -0.10 | — | — | 55 | Energy Equities | GOOX vs TPYP | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | — | — | 100 | Ultrashort Bond | GOOX vs SGOV | |
| Alerian Energy Infrastructure ETF | -0.10 | 0.06 | 0.06 | 50 | Energy Equities | GOOX vs ENFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GOOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.04 | 0.06 | 0.06 | 69 | Consumer Defensive | |
| The Travelers Companies, Inc. | -0.02 | -0.02 | -0.02 | 72 | Financial Services | |
| Banco Macro S.A. | 0.16 | — | — | 65 | Financial Services | |
| Banco Bradesco S.A. | 0.30 | 0.22 | 0.22 | 62 | Financial Services | |
| Micron Technology, Inc. | 0.33 | — | — | 99 | Technology |
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