Looking to diversify beyond GPTY? The ETFs below have the lowest correlation with GPTY — 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 GPTY.
Best Diversifiers for GPTY
16 ETFs have low correlation with GPTY (below 0.3), 4 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.45, roughly unchanged from -0.47 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | -0.47 | — | 70 | Derivative Income | GPTY vs WNTR | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.18 | — | — | 76 | Derivative Income, Utilities Equities | GPTY vs UMAX.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.10 | — | — | 89 | Energy Equities, Derivative Income | GPTY vs ENCL.TO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | — | — | 100 | Government Bonds, Ultrashort Bond | GPTY vs BIL | |
| Simplify Treasury Option Income ETF | 0.02 | — | — | 95 | Government Bonds, Ultrashort Bond, Derivative Income | GPTY vs BUCK |
See all 63 diversifiers for GPTY
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