Looking to diversify beyond GTOP? The ETFs below have the lowest correlation with GTOP — 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 GTOP.
Best Diversifiers for GTOP
399 ETFs have low correlation with GTOP (below 0.3), 93 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.46 | -0.46 | 57 | Cryptocurrency | GTOP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.46 | -0.46 | 52 | Cryptocurrency, Leveraged Cryptocurrency | GTOP vs SBIT | |
| Barclays ETN+ Select MLP ETN | -0.27 | -0.27 | -0.27 | 61 | MLPs | GTOP vs ATMP | |
| Alerian Energy Infrastructure ETF | -0.27 | -0.27 | -0.27 | 77 | Energy Equities | GTOP vs ENFR | |
| iShares U.S. Energy ETF | -0.27 | -0.27 | -0.27 | 51 | Energy Equities | GTOP vs IYE |
See all 1999 diversifiers for GTOP
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GTOP
Add GTOP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GTOP