Looking to diversify beyond GSST? The ETFs below have historically moved differently from GSST, 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 GSST
2087 ETFs have low correlation with GSST (below 0.3), 166 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.23, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.23 | -0.17 | -0.12 | 87 | Oil & Gas | GSST vs UGA | |
| ProShares UltraShort Yen | -0.23 | -0.30 | -0.26 | 56 | Leveraged Currency | GSST vs YCS | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.23 | -0.10 | -0.11 | 52 | Leveraged Equities | GSST vs GUSH | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.23 | -0.10 | -0.10 | 58 | Energy Equities | GSST vs XOP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.12 | -0.10 | 72 | Commodities | GSST vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GSST, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.24, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.24 | -0.11 | -0.09 | 70 | Energy | |
| AbbVie Inc. | -0.08 | 0.01 | -0.00 | 81 | Healthcare | |
| Sandisk Corporation | -0.06 | -0.05 | -0.05 | 100 | Technology | |
| NVIDIA Corporation | -0.01 | 0.03 | -0.00 | 56 | Technology | |
| Applied Digital Corporation | -0.00 | 0.01 | 0.00 | 78 | Technology |
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