Looking to diversify beyond GTOP? The ETFs below have historically moved differently from GTOP, 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 GTOP
507 ETFs have low correlation with GTOP (below 0.3), 133 of which are negatively correlated. The least correlated is MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) (Leveraged Equities) with a 1Y correlation of -0.26, roughly unchanged from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | -0.26 | -0.26 | -0.26 | 56 | Leveraged Equities, Energy Equities, Oil & Gas | GTOP vs OILU | |
| ProShares Ultra Oil & Gas | -0.26 | -0.26 | -0.26 | 71 | Leveraged Equities | GTOP vs DIG | |
| iShares U.S. Insurance ETF | -0.26 | -0.26 | -0.26 | 53 | Financials Equities | GTOP vs IAK | |
| iShares U.S. Energy ETF | -0.26 | -0.26 | -0.26 | 75 | Energy Equities | GTOP vs IYE | |
| First Trust Nasdaq Oil & Gas ETF | -0.26 | -0.26 | -0.26 | 61 | Energy Equities | GTOP vs FTXN |
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