Looking to diversify beyond GSGO? The ETFs below have historically moved differently from GSGO, 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 GSGO
442 ETFs have low correlation with GSGO (below 0.3), 96 of which are negatively correlated. The least correlated is Strive U.S. Energy ETF (DRLL) (Energy Equities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive U.S. Energy ETF | -0.33 | -0.33 | -0.33 | 70 | Energy Equities | GSGO vs DRLL | |
| iShares Global Energy ETF | -0.26 | -0.26 | -0.26 | 82 | Energy Equities | GSGO vs IXC | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.25 | -0.25 | -0.25 | 78 | Energy Equities, S&P 500, Equal Weight | GSGO vs RSPG | |
| Global X MLP & Energy Infrastructure ETF | -0.25 | -0.25 | -0.25 | 74 | Infrastructure Equities, MLPs | GSGO vs MLPX | |
| Pacer American Energy Independence ETF | -0.24 | -0.24 | -0.24 | 55 | Energy Equities | GSGO vs USAI |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GSGO
Add GSGO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GSGO