Looking to diversify beyond GUNR? The ETFs below have the lowest correlation with GUNR — 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 GUNR.
Best Diversifiers for GUNR
677 ETFs have low correlation with GUNR (below 0.3), 30 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.23, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | -0.25 | -0.25 | 60 | Inverse Equities, Leveraged Equities | GUNR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | -0.26 | -0.26 | 53 | Inverse Equities | GUNR vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | -0.24 | -0.24 | 65 | Derivative Income | GUNR vs WNTR | |
| ProShares UltraShort Yen | -0.16 | -0.19 | -0.15 | 75 | Leveraged Currency | GUNR vs YCS | |
| TCW AAA CLO ETF | -0.10 | — | — | 99 | CLO | GUNR vs ACLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GUNR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GUNR and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of 0.01, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | 0.01 | 0.12 | 0.29 | 83 | Financial Services | |
| Eli Lilly and Company | 0.03 | 0.08 | 0.10 | 80 | Healthcare | |
| Virtu Financial, Inc. | 0.04 | 0.18 | 0.22 | 81 | Financial Services | |
| McKesson Corporation | 0.07 | 0.02 | 0.16 | 58 | Healthcare | |
| Waste Management, Inc. | 0.07 | 0.12 | 0.20 | 51 | Industrials |
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