Looking to diversify beyond GTPE? The ETFs below have the lowest correlation with GTPE — 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 GTPE.
Best Diversifiers for GTPE
0 ETFs have low correlation with GTPE (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) (High Yield Bonds) with a 1Y correlation of 0.73, roughly unchanged from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Access High Yield Corporate Bond ETF | 0.73 | 0.73 | 0.73 | 61 | High Yield Bonds | GTPE vs GHYB | |
| AdvisorShares STAR Global Buy-Write ETF | 0.84 | 0.84 | 0.84 | 64 | Global Equities | GTPE vs VEGA |
Diversification Analysis
Build a portfolio that complements GTPE
Add GTPE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GTPE