Looking to diversify beyond GSIB? The ETFs below have historically moved differently from GSIB, 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 GSIB
421 ETFs have low correlation with GSIB (below 0.3), 99 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | — | — | 61 | Cryptocurrency | GSIB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GSIB vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.33 | — | — | 56 | Options Trading | GSIB vs CAOS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | GSIB vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | GSIB vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSIB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.10 | 0.01 | 0.01 | 90 | Consumer Defensive | |
| HF Sinclair Corp | -0.02 | — | — | 96 | Energy | |
| Marathon Petroleum Corporation | -0.02 | — | — | 95 | Energy | |
| Coca-Cola Consolidated, Inc. | 0.00 | — | — | 87 | Consumer Defensive | |
| Johnson & Johnson | 0.00 | — | — | 97 | Healthcare |
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