Looking to diversify beyond GUSE? The ETFs below have historically moved differently from GUSE, 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 GUSE
303 ETFs have low correlation with GUSE (below 0.3), 61 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.43 | -0.43 | 52 | Inverse Equities | GUSE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.43 | -0.43 | 61 | Inverse Equities, Leveraged Equities | GUSE vs MSTZ | |
| United States Oil Fund LP | -0.38 | -0.38 | -0.38 | 55 | Oil & Gas | GUSE vs USO | |
| United States Gasoline Fund, LP | -0.31 | -0.31 | -0.31 | 87 | Oil & Gas | GUSE vs UGA | |
| Fidelity MSCI Energy Index ETF | -0.25 | -0.25 | -0.25 | 76 | Energy Equities | GUSE vs FENY |
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