Looking to diversify beyond GPIX? The ETFs below have historically moved differently from GPIX, 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 GPIX
371 ETFs have low correlation with GPIX (below 0.3), 82 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.51 | — | — | 52 | Inverse Equities | GPIX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.51 | — | — | 61 | Inverse Equities, Leveraged Equities | GPIX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 75 | Derivative Income | GPIX vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GPIX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.48 | — | — | 61 | Cryptocurrency | GPIX vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GPIX, 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 |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | — | — | 66 | Consumer Defensive | |
| Chevron Corporation | -0.23 | 0.05 | 0.05 | 80 | Energy | |
| Duke Energy Corporation | -0.22 | -0.06 | -0.06 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.21 | — | — | 84 | Energy | |
| Occidental Petroleum Corporation | -0.20 | 0.05 | 0.05 | 70 | Energy |
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