Looking to diversify beyond GSLC? The ETFs below have historically moved differently from GSLC, 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 GSLC
389 ETFs have low correlation with GSLC (below 0.3), 91 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 52 | Inverse Equities | GSLC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | GSLC vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 75 | Derivative Income | GSLC vs WNTR | |
| ProShares Short Bitcoin ETF | -0.46 | -0.37 | — | 61 | Cryptocurrency | GSLC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | GSLC vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSLC, 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 Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of -0.04, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | -0.04 | 0.21 | 0.29 | 89 | Real Estate | |
| Berkshire Hathaway Inc. | 0.08 | 0.34 | 0.50 | 61 | Financial Services | |
| Apple Inc | 0.45 | 0.49 | 0.61 | 89 | Technology | |
| Broadcom Inc. | 0.50 | 0.56 | 0.62 | 67 | Technology | |
| Alphabet Inc. Class A | 0.56 | 0.56 | 0.65 | 95 | Communication Services |
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