Looking to diversify beyond GSEW? The ETFs below have the lowest correlation with GSEW — 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 GSEW.
Best Diversifiers for GSEW
295 ETFs have low correlation with GSEW (below 0.3), 44 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 60 | Inverse Equities | GSEW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 68 | Inverse Equities, Leveraged Equities | GSEW vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | -0.38 | 57 | Cryptocurrency | GSEW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GSEW vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | GSEW vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSEW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSEW and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.31, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.31 | 0.40 | 0.50 | 99 | Technology |
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