Looking to diversify beyond GSWO? The ETFs below have the lowest correlation with GSWO — 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 GSWO.
Best Diversifiers for GSWO
269 ETFs have low correlation with GSWO (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.38 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.38 | — | 51 | Currency | GSWO vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.36 | -0.36 | 68 | Inverse Equities, Leveraged Equities | GSWO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 60 | Inverse Equities | GSWO vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | GSWO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.39 | -0.30 | -0.32 | 57 | Cryptocurrency | GSWO vs BITI |
See all 2038 diversifiers for GSWO
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