Looking to diversify beyond GSGO? The ETFs below have the lowest correlation with GSGO — 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 GSGO.
Best Diversifiers for GSGO
344 ETFs have low correlation with GSGO (below 0.3), 70 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | -0.45 | -0.45 | 53 | Inverse Equities | GSGO vs SMST | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.27 | -0.27 | -0.27 | 52 | Energy Equities, S&P 500, Equal Weight | GSGO vs RSPG | |
| iShares Global Energy ETF | -0.27 | -0.27 | -0.27 | 51 | Energy Equities | GSGO vs IXC | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | -0.25 | -0.25 | 51 | Multistrategy | GSGO vs RSBY | |
| Barclays ETN+ Select MLP ETN | -0.24 | -0.24 | -0.24 | 56 | MLPs | GSGO vs ATMP |
See all 2004 diversifiers for GSGO
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Diversification Analysis
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