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
379 ETFs have low correlation with GTOP (below 0.3), 92 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.42, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.42 | -0.42 | -0.42 | 66 | Oil & Gas | GTOP vs USO | |
| Invesco DB Energy Fund | -0.41 | -0.41 | -0.41 | 71 | Oil & Gas | GTOP vs DBE | |
| United States Brent Oil Fund LP | -0.39 | -0.39 | -0.39 | 65 | Oil & Gas | GTOP vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.39 | -0.39 | -0.39 | 56 | Derivative Income | GTOP vs USOY | |
| ProShares Ultra Bloomberg Crude Oil | -0.36 | -0.36 | -0.36 | 54 | Leveraged Commodities | GTOP vs UCO |
See all 2083 diversifiers for GTOP
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