Looking to diversify beyond GSOL? The ETFs below have the lowest correlation with GSOL — 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 GSOL.
Best Diversifiers for GSOL
476 ETFs have low correlation with GSOL (below 0.3), 111 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.76, roughly unchanged from -0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.76 | -0.76 | -0.76 | 51 | Derivative Income | GSOL vs WNTR | |
| Westwood Salient Enhanced Midstream Income ETF | -0.75 | -0.75 | -0.75 | 57 | Energy Equities | GSOL vs MDST | |
| VictoryShares US EQ Income Enhanced Volatility Wtd... | -0.51 | -0.51 | -0.51 | 75 | Large Cap Value Equities | GSOL vs CDC | |
| USCF Midstream Energy Income Fund ETF | -0.48 | -0.48 | -0.48 | 60 | Energy Equities | GSOL vs UMI | |
| Alerian Energy Infrastructure ETF | -0.48 | -0.48 | -0.48 | 55 | Energy Equities | GSOL vs ENFR |
See all 1913 diversifiers for GSOL
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Diversification Analysis
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