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
521 ETFs have low correlation with GOOX (below 0.3), 63 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.33 | -0.33 | 53 | Inverse Equities | GOOX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 65 | Derivative Income | GOOX vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.33 | -0.33 | 60 | Inverse Equities, Leveraged Equities | GOOX vs MSTZ | |
| Tortoise North American Pipeline Fund | -0.16 | — | — | 77 | Energy Equities | GOOX vs TPYP | |
| VanEck Energy Income ETF | -0.16 | 0.04 | 0.04 | 78 | Energy Equities | GOOX vs EINC |
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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 W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.14, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.14 | -0.13 | -0.13 | 55 | Financial Services | |
| Walmart Inc. | -0.04 | 0.05 | 0.05 | 70 | Consumer Defensive | |
| The Travelers Companies, Inc. | -0.02 | -0.03 | -0.03 | 90 | Financial Services | |
| Banco Macro S.A. | 0.17 | — | — | 69 | Financial Services | |
| Banco Bradesco S.A. | 0.29 | — | — | 74 | Financial Services |
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